RDI REIT PLC - Finalisation announcement in respect of the second cash dividend for the year ended 31 August 2019

Finalisation announcement in respect of the second cash dividend for the year ended 31 August 2019

RDI REIT P.L.C.
(“RDI” or the “Company”)
(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745


FINALISATION ANNOUNCEMENT IN RESPECT OF THE SECOND CASH DIVIDEND FOR THE YEAR ENDED 31 AUGUST 2019


RDI shareholders are referred to the announcement released on 24 October 2019 regarding the second
interim dividend of 6.00 pence per share in respect of the year ended 31 August 2019 (the “cash dividend”).

Shareholders are advised that the GBP to Rand conversion rate is 19.57500. Accordingly, the Rand
equivalent of the cash dividend of 6.00 pence is 117.45000 ZAR cents.

Shareholders will receive the cash dividend as a Property Income Distribution (“PID”), calculated as
follows:

                                         Shareholders on the         Shareholders on the
                                           UK share register           SA share register
PID element (gross)                                     6.00                   117.45000
Less 20% UK withholding tax*                            1.20                    23.49000
PID element (net of 20%)                                4.80                    93.96000
Less 5% SA withholding tax**                             N/A                     5.87250
PID element (net of 25%)                                 N/A                    88.08750

*    Certain categories of UK shareholders may apply for exemption, in which case the PID element will
     be paid gross.

**   A 5% rebate is reclaimable from the UK’s HM Revenue & Customs, resulting in an effective UK
     withholding tax rate of 15%. Therefore, an additional 5% South African withholding tax is to be
     deducted by the relevant regulated intermediary on all cash PIDs paid to persons who are not exempt
     from dividends tax in South Africa and paid to the South African Revenue Service on the beneficial
     owner’s behalf. As a result, the initial withholding tax rate on cash PIDs for non-exempt South African
     shareholders will be 25%.

The cash dividend will be paid out of the Company’s operating profits.

The salient dates for payment of the cash dividend published in the announcement dated 24 October 2019,
remain unchanged.

As at the date of this announcement, the Company has 380 089 923 ordinary shares of 40 pence each in issue.


For further information:

RDI REIT P.L.C.
Mike Watters, Donald Grant                                  Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie                        Tel: +44 (0) 20 3727 1000
Sweeney
rdireit@fticonsulting.com

Instinctif Partners
SA Public Relations Adviser
Frederic Cornet                                              Tel: +27 (0) 11 447 3030
RDI@instinctif.com

JSE Sponsor
Java Capital                                                Tel: + 27 (0) 11 722 3050

1 November 2019

Note to editors:

About RDI

RDI is an income focused UK-REIT with a diversified portfolio invested principally in the UK. The
investment approach is driven by an in depth understanding of occupational demand including the impact of
technology, transport and infrastructure investment. The portfolio has been repositioned in recent years to
increase its weighting to London and the South East and to provide greater exposure to our leading hotel and
serviced office operating platforms.

RDI is committed to delivering attractive income led total returns across the real estate cycle. The current
strategic objectives of a lower leverage capital structure and more focused allocation of capital are targeted
at delivering an industry leading and sustainable income return.

RDI is a UK Real Estate Investment Trust (UK-REIT) and holds a primary listing on the London Stock
Exchange and a secondary listing on the JSE. The Company is included within the EPRA, GPR, JSE All
Property and JSE Tradeable Property indices.

For more information on RDI, please refer to the Company's website www.rdireit.com

Date: 01/11/2019 09:00:00
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