Notification of major holdings 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 NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of RDI REIT P.L.C. 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 IOM 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) Johannesburg, 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: 18/11/2019 6. Date on which issuer notified (DD/MM/YYYY): 18/11/2019 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of through financial Total of both in % attached to shares voting rights of instruments (8.A + 8.B) (total of 8. A) issuer (total of 8.B 1 + 8.B 2) Resulting situation on the date on which 7.9992% 7.9992% 30 404 313 threshold was crossed or reached Position of previous notification (if 8.2466% 8.2466% 31 344 313 applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares ISIN code (if Direct Indirect Direct Indirect possible) (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive 2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) IM00B8BV8G91 30 404 313 7.9992% SUBTOTAL 8. A 30 404 313 7.9992% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if % of voting rights instrument date Conversion Period the instrument is exercised/converted. 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)) Type of Exercise/ Expiration Physical or cash Number of financial Conversion % of voting rights date settlement voting rights instrument Period 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 entityxiv (please add additional rows as necessary) % of voting rights % of voting rights if it through financial Total of both if it equals or Name equals or is higher than instruments if it equals or is higher than the notifiable the notifiable threshold is higher than the threshold notifiable threshold FIRST NATIONAL BANK – A DIVISION OF FIRST RAND BANK LIMITED ON BEHALF 7.9992% 7.9992% OF ALLAN GRAY UNIT TRUST MANAGEMENT (RF) (PTY) LTD 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 18 November 2019 18 November 2019 JSE sponsor Java Capital Date: 18/11/2019 05:32:00 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.