ROCKWELL LAND CORPORATION LIST OF TOP 100 STOCKHOLDERS AS OF DECEMBER 31, 2016

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2 Rank Name No. of Shares Percentage 1 FIRST PHILIPPINE HOLDINGS CORPORATION 5,296,015, % 2 PCD NOMINEE CORPORATION (FILIPINO) 560,125, % 3 PCD NOMINEE CORPORATION (FOREIGN) 96,617, % 4 PADILLA,NESTOR J. 15,000, % 5 LOPEZ,MANUEL M.,&/OR MA. TERESA L. LOPEZ 8,869, % 6 MANUEL MORENO LOPEZ OR MARIA TERESA LAGDAMEO LOPEZ 3,960, % 7 LOPEZ,MANUEL MORENO 2,805, % 8 YAN, LUCIO W. 1,136, % 9 CHENG, CHARLOTTE CUA 886, % 10 AVESCO MARKETING CORPORATION 801, % 11 B. P. INSURANCE AGENCY, INC. 792, % 12 MAKATI SUPERMARKET CORPORATION 677, % 13 CROSLO HOLDINGS CORPORATION 584, % 14 TAN, SIMEON Y. 458, % 15 CARLOS, JOSE IGNACIO A. 455, % 16 TAN, LOZANO A. 422, % 17 FLORDELIZA,VIRGILIO CACHERO 398, % 18 AQUINO,ANTONINO T.,&/OR EVELINA S. AQUINO 377, % 19 BP INSURANCE AGENCY, INC. 328, % 20 CONCEPCION, RAUL JOSEPH 316, % 21 FORESIGHT REALTY & DEVELOPMENT CORPORATION 305, % 22 ENRIQUEZ, ALBERT N. 280, % 23 GALLINERO,TEODORO OLIVARES 266, % 24 ONG TIONG 255, % 25 ALMAZORA,ROBERTO REYES 246, % 26 GRUET, VICTOR B. 241, % 27 TORRES,LOURDY DELOSO 226, % 28 QUETUA,RODOLFO NICOLAS 222, % 29 VALDERRAMA,RODOLFO,&/OR TERESITA T. VALDERRAMA 210, % 30 ENRIQUEZ, ALBERT 208, % 31 ROBERTO B. CATAHAN &/OR PERLA R. CATAHAN 200, % 32 ONG, VICTORIA 198, % 33 CARLOS,MARIO CARPIO 190, % 34 ARGUELLES, THERESA LA'O 188, % 35 INDUSTRIAL UNDERWRITERS AND COMMERCIAL CORPORATION 179, % 36 KEH, BENITO T. 177, % 37 DELA LLANA,LEONISA CUAYO 170, % 38 YAN,LUCIO W.,&/OR CLARA YAN 169, % 39 DE JESUS, JOSE P. 167, % 40 SANTIAGO,ROGELIO LORENZO 159, % 41 MADRIGAL II, VICENTE A.S. 158, % 42 CHING BUN TENG 155, % 43 YAN, LUCIO 155, % 44 CRUSEM, CRISPULO I. 153, % 45 DE BORJA JR.,RUSTICO CALINGO 152, % 46 ZERRUDO, ERNESTO J. 152, % 47 FIRST SOLID HOLDINGS & REALTY CORPORATION 149, % 48 TAN,MARK ESTRADA 144, % 49 CO, EUGENE S. 144, % 50 GOLDEN ARCHES DEVELOPMENT CORPORATION 144, % 51 COLLANTES,FRANCISCO DIZON 141, % 52 CINCO,EDMUND PENOLA 140, % 53 LOPEZ, MARTIN L. 133, % 54 VALENZUELA,ORLANDO G. 130, % 55 GAMOLO, SEGUNDO D. 128, % 56 GELLE,LAZARO GENEVEO 127, % 57 SARMIENTO, NOLI M. 126, % 58 IGLESIA,ERNESTO DIAZ 124, % 59 TANJANGCO, ANTONIO S. 123, % 60 LOPEZ, OSCAR M. 119, % 61 BUENCAMINO,RICARDO VELASCO 119, % 62 AUGUSTINIAN SISTERS OF OUR LADY OF CONSOLATION 118, % 63 ONG, WEE CHI P. 118, %

3 64 PUNZALAN JR., MARCIAL C. 116, % 65 DAVID GO SECURITIES CORP. 116, % 66 ACAYAN, RAMON F. 115, % 67 POSA, MARIO P. 115, % 68 YAP, GEORGE TAN 111, % 69 YANG, GEORGE T. 108, % 70 PHIMCO EMPLOYEES' PROVIDENT FUND 107, % 71 MENDOZA,ROSELLER A. 105, % 72 ABASTILLAS, JOSE L. 105, % 73 MENDOZA,ALBERTO,&/OR JEANIE MENDOZA 103, % 74 OCAMPO, JOSEFINA C. 103, % 75 TAGAZA,DANIEL DOMINGO 103, % 76 LI, LUISA C. 102, % 77 BENJAMIN MOSSESGELD LOPEZ OR MM MERESA PEREZ LOPEZ 100, % 78 JORGE AUSTRIA BENTA AND/OR ANGELINA GUNDRAN BENTA 100, % 79 DELA PAZ,GERARDO FEDERICO 98, % 80 CUAPIACO,JEFFRY LIZARDO 98, % 81 BERNARDO, WILFRIDO D.G. 98, % 82 GO,GEORGE Q.,&/OR SHIRLEY D. GO 95, % 83 PONCE, J. VIVENCIO G. 95, % 84 AGUILA,LIRIO P.,&/OR MA. THERESA AGUILA 95, % 85 GABRIEL, ANTONIA P. 95, % 86 RIVERA,ABRAHAM TADINA 95, % 87 SERRANO-DIANGSON,LIZA ROSE GALGANA 94, % 88 BENOSA,RUBEN BITARE 94, % 89 RIVERA,CLEMENS MONROY 94, % 90 LIM, RICARDO L. 93, % 91 UDARBE,GIL RECOLIZADO 93, % 92 FACTORAN, FULGENCIO 93, % 93 VIRTUCIO, GREGORIO C. 91, % 94 SANTOS,LUCITO LEGASPI 91, % 95 GALVAN,MANUEL M. 90, % 96 PARADERO,ROLANDO GALLARDO 89, % 97 GUTIERREZ, MA. JUDY S. 89, % 98 HAO, EDDIE L. 89, % 99 BAETIONG,WILFREDO AQUINO 89, % 100 TABANG,BEVERLY OBANA 88, % TOTAL SHARES (TOP 100) 6,002,125, % TOTAL SHARES (REST OF STOCKHOLDERS) 114,636, % TOTAL ISSUED AND OUTSTANDING SHARES 6,116,762, % PCD BENEFICIAL OWNER REPORT Participant's Name No. of Shares Percentage FIRST ORIENT SECURITIES, INC. 164,954, % THE HONGKONG AND SHANGHAI BANKING CORP. LTD. -CLIENTS' ACCT. 77,179, % SUMMIT SECURITIES, INC. 47,814, % ABACUS SECURITIES CORPORATION 31,799, % BANCO DE ORO - TRUST BANKING GROUP 30,000, % PCCI SECURITIES BROKERS CORP. 24,455, % BPI SECURITIES CORPORATION 20,858, % COL Financial Group, Inc. 20,530, % CLSA PHILIPPINES, INC. 20,000, % SB EQUITIES,INC. 12,378, % VICSAL SECURITIES & STOCK BROKERAGE, INC. 11,652, % CITIBANK N.A. 11,164, % MBTC - TRUST BANKING GROUP 10,327, % CITISECURITIES, INC. 10,160, % EVERGREEN STOCK BROKERAGE & SEC., INC. 8,579, % TOWER SECURITIES, INC. 8,033, % FIRST METRO SECURITIES BROKERAGE CORP. 7,873, % CITIBANK N.A. 7,524, % ANSALDO, GODINEZ & CO., INC. 6,430, % BDO SECURITIES CORPORATION 6,209, %

4 BA SECURITIES, INC. 6,095, % CLSA PHILIPPINES, INC. 5,000, % ATC SECURITIES, INC. 4,791, % WEALTH SECURITIES, INC. 4,697, % MAYBANK ATR KIM ENG SECURITIES, INC. 4,686, % AB CAPITAL SECURITIES, INC. 4,573, % CLSA PHILIPPINES, INC. 3,980, % PHILSTOCKS FINANCIAL INC 3,963, % R. NUBLA SECURITIES, INC. 3,505, % EASTERN SECURITIES DEVELOPMENT CORPORATION 3,499, % HDI SECURITIES, INC. 3,183, % AP SECURITIES INCORPORATED 3,057, % RTG & COMPANY, INC. 2,861, % SARANGANI SECURITIES, INC. 2,762, % PNB SECURITIES, INC. 2,666, % QUALITY INVESTMENTS & SECURITIES CORPORATION 2,418, % STANDARD SECURITIES CORPORATION 2,184, % GLOBALINKS SECURITIES & STOCKS, INC. 2,134, % SunSecurities, Inc. 2,081, % TANSENGCO & CO., INC. 2,018, % E. CHUA CHIACO SECURITIES, INC. 1,960, % OPTIMUM SECURITIES CORPORATION 1,853, % AURORA SECURITIES, INC. 1,843, % YAO & ZIALCITA, INC. 1,690, % YU & COMPANY, INC. 1,689, % B. H. CHUA SECURITIES CORPORATION 1,570, % R. S. LIM & CO., INC. 1,505, % UNICAPITAL SECURITIES INC. 1,402, % SINCERE SECURITIES CORPORATION 1,291, % ALPHA SECURITIES CORP. 1,276, % F. YAP SECURITIES, INC. 1,264, % SOLAR SECURITIES, INC. 1,260, % PUBLIC SECURITIES CORPORATION 1,250, % R. COYIUTO SECURITIES, INC. 1,208, % PAN ASIA SECURITIES CORP. 1,162, % WESTLINK GLOBAL EQUITIES, INC. 1,150, % INVESTORS SECURITIES, INC, 1,127, % PAPA SECURITIES CORPORATION 1,045, % G.D. TAN & COMPANY, INC. 1,027, % TRITON SECURITIES CORP. 1,003, % RCBC SECURITIES, INC. 926, % REGINA CAPITAL DEVELOPMENT CORPORATION 906, % PREMIUM SECURITIES, INC. 835, % CAMPOS, LANUZA & COMPANY, INC. 797, % UCPB SECURITIES, INC. 773, % BELSON SECURITIES, INC. 744, % A. T. DE CASTRO SECURITIES CORP. 696, % VENTURE SECURITIES, INC. 636, % PHILIPPINES FIRST INSURANCE CO., INC. 629, % GOLDSTAR SECURITIES, INC. 614, % CIBELES INSURANCE CORPORATION 600, % MERIDIAN SECURITIES, INC. 571, % MANDARIN SECURITIES CORPORATION 528, % ASTRA SECURITIES CORPORATION 475, % VENTURE SECURITIES, INC. 475, % JAKA SECURITIES CORP. 460, % EAGLE EQUITIES, INC. 458, % MERCANTILE SECURITIES CORP. 431, % CENTURY SECURITIES CORPORATION 392, % BERNAD SECURITIES, INC. 389, % NEW WORLD SECURITIES CO., INC. 378, % FIRST INTEGRATED CAPITAL SECURITIES, INC. 362, % A & A SECURITIES, INC. 360, % IMPERIAL,DE GUZMAN,ABALOS & CO.,INC. 352, %

5 DAVID GO SECURITIES CORP. 334, % EQUITIWORLD SECURITIES, INC. 288, % GOLDEN TOWER SECURITIES & HOLDINGS, INC. 263, % ASIA PACIFIC CAPITAL EQUITIES & SECURITIES CORP. 255, % BENJAMIN CO CA & CO., INC. 251, % DIVERSIFIED SECURITIES, INC. 244, % GUILD SECURITIES, INC. 241, % FIDELITY SECURITIES, INC. 239, % STRATEGIC EQUITIES CORP. 236, % H. E. BENNETT SECURITIES, INC. 225, % IGC SECURITIES INC. 224, % NIEVES SECURITIES, INC. 219, % ASIASEC EQUITIES, INC. 213, % TRI-STATE SECURITIES, INC. 200, % DEUTSCHE BANK MANILA-CLIENTS A/C 200, % DA MARKET SECURITIES, INC. 197, % AB CAPITAL & INVESTMENT CORP. - TID-FILIPINO 194, % UOB KAY HIAN SECURITIES (PHILS.), INC. 175, % DEUTSCHE BANK AG MANILA BRANCH A/C CLIENTS DEUB20 174, % UPCC SECURITIES CORP. 174, % DW CAPITAL INC. 172, % THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. 155, % I. ACKERMAN & CO., INC. 154, % LUCKY SECURITIES, INC. 152, % MOUNT PEAK SECURITIES, INC. 136, % MDR SECURITIES, INC. 118, % S.J. ROXAS & CO., INC. 117, % J.M. BARCELON & CO., INC. 113, % R & L INVESTMENTS, INC. 108, % I. B. GIMENEZ SECURITIES, INC. 105, % PLATINUM SECURITIES, INC. 105, % BDO NOMURA SECURITIES INC FAO PCIB SECURITIES CLIENTS 93, % LUYS SECURITIES COMPANY, INC. 91, % DBP-DAIWA CAPITAL MARKETS PHILPPINES, INC. 78, % INTRA-INVEST SECURITIES, INC. 71, % Asia Insurance (Philippines) Corporation 63, % UNITED COCONUT PLANTERS BANK-TRUST BANKING 59, % MAYBANK ATR KIM ENG SECURITIES INC 54, % DEUTSCHE REGIS PARTNERS, INC. 54, % RCBC TRUST & INVESTMENT DIVISION 51, % RCBC TRUST & INVESTMENT DIVISION 50, % ALAKOR SECURITIES CORPORATION 48, % KING'S POWER SECURITIES, INC. 48, % E.SECURITIES, INC. ITF VARIOUS CLIENTS 41, % LOPEZ, LOCSIN, LEDESMA & CO., INC. 35, % ARMSTRONG SECURITIES, INC. 33, % JSG SECURITIES, INC. 31, % FORTUNE GENERAL INSURANCE CORPORATION 31, % RCBC TRUST & INVESTMENT DIVISION 29, % BDO NOMURA SECURITIES INC 29, % SECURITIES SPECIALISTS, INC. 27, % AB CAPITAL SECURITIES, INC. 26, % AAA SOUTHEAST EQUITIES, INCORPORATED 26, % APEX PHILIPPINES EQUITIES CORPORATION 22, % EVERGREEN STOCK BROKERAGE & SEC., INC. 17, % ASIAN CAPITAL EQUITIES, INC. 15, % DEUTSCHE REGIS PARTNERS, INC. 14, % HK SECURITIES, INC. 13, % PRYCE SECURITIES, INC. 13, % SALISBURY BKT SECURITIES CORPORATION 13, % ALL ASIA SECURITIES MANAGEMENT CORP. 10, % RCBC TRUST & INVESTMENT DIVISION - VARIOUS TAXABLE ACCTS 10, % CUALOPING SECURITIES CORPORATION 10, % R&B INSURANCE CORPORATION 10, %

6 LARRGO SECURITIES CO., INC. 7, % TRANS-ASIA SECURITIES, INC. 6, % EAST WEST CAPITAL CORPORATION 5, % SUPREME STOCKBROKERS, INC 5, % VSEC.COM, INC. 4, % VALUE QUEST SECURITIES CORPORATION 2, % TRENDLINE SECURITIES CORPORATION 2, % TIMSON SECURITIES, INC. 1, % MARIAN SECURITIES, INC. 1, % RCBC - TRUST GROUP 1, % MARINO OLONDRIZ Y CIA % S.J. ROXAS & CO.,INC % MANILA ELECTRIC COMPANY % WONG SECURITIES CORPORATION % DEUTSCHE BANK MANILA-CLIENTS A/C % STRATEGIC EQUITIES CORP. FAO LIBERTY INSURANCE CORPORATION % PHILIPPINE EQUITY PARTNERS, INC % ROCKWELL LAND CORPORATION % UNION BANK OF THE PHILIPPINES % AB CAPITAL SECURITIES, INC % HIGHLAND SECURITIES PHIL., INC % MAYBANK ATR KIM ENG SECURITIES INC % LIPPO SECURITIES, INC % EQUITABLE SECURIITES (PHILS.) INC % PHILEO ALLIED SECURITIES (PHILIPPINES), INC % SOCIAL SECURITY SYSTEM % THE HONGKONG & SHANGHAI BANKING CORP. LTD. -OWN ACCOUNT % MBTC-TBG AS INV MGR FLG MANAGEMENT & DEVT. CORP % TOTAL 656,742, %

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