Response to announcement by Redefine Properties regarding conditional sale of shareholding RDI REIT P.L.C. (Incorporated in the Isle of Man) (Registered number 010534V) LSE share code: RDI JSE share code: RPL ISIN: IM00BH3JLY32 LEI: 2138006NHZUMMRYQ1745 (“RDI” or the “Company” or the “Group”) RESPONSE TO ANNOUNCEMENT BY REDEFINE PROPERTIES REGARDING CONDITIONAL SALE OF SHAREHOLDING The Board of RDI, the income focused UK Real Estate Investment Trust (“UK-REIT”), notes the announcement from Redefine Properties on the JSE that it has agreed to a conditional sale of its 29.42 per cent shareholding in the Company to controlled affiliates of Starwood Capital Group. The Board looks forward to engaging with Starwood Capital Group as a shareholder in the Company. For further information: RDI REIT P.L.C. Mike Watters, Stephen Oakenfull 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 29 June 2020 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: 29-06-2020 05:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.