TR-1: Notification of major holdings 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”) TR-1: NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of RDI REIT plc existing shares to which voting rights are attached: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Details of person subject to the notification obligation Name ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PROPRIETARY LIMITED City and country of registered office (if applicable) Cape Town, South Africa 4. Full name of shareholder(s) (if different from 3.) Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached: 19/08/2020 6. Date on which issuer notified (DD/MM/YYYY): 21/08/2020 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights through financial Total number of attached to shares instruments Total of both in % voting rights of (total of 8. A) (total of 8.B 1 + 8.B 2) (8.A + 8.B) issuer Resulting situation on the date on which threshold was crossed or reached 4.7670% - 4.7670% 18 130 473 Position of previous notification (if applicable) 5.9392% - 5.9392% 22 587 739 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Number of voting rights % of voting rights Direct Indirect Direct Indirect Class/type of (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive shares 2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC) ISIN code (if possible) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) IM00B8BV8G91 18 130 473 4.7670% SUBTOTAL 8. A 18 130 473 4.7670% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights that may be acquired if Type of financial Expiration Exercise/ the instrument is instrument datex Conversion Period exercised/converted. % of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Type of financial Expiration Conversion Physical or cash Number of instrument date Period settlement voting rights % of voting rights SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) % of voting rights through financial % of voting rights if it instruments if it equals or Total of both if it equals or equals or is higher than is higher than the is higher than the notifiable Name the notifiable threshold notifiable threshold threshold FIRST NATIONAL BANK – A DIVISION OF FIRST RAND BANK LIMITED, ON BEHALF OF ALLAN GRAY UNIT TRUST MANAGEMENT (RF) (PTY) LTD 4.7670% 4.7670% 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information Instruments are held in trust by First National Bank – a division of First Rand Bank Limited on behalf of investors of Allan Gray Unit Trust Management (RF) (Pty) Ltd Place of completion JOHANNESBURG Date of completion 20 August 2020 24 August 2020 JSE Sponsor Java Capital Date: 24-08-2020 10:00:00 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.