Disposal of 127 Charing Cross Road, London for GBP59.25m RDI REIT P.L.C. (Incorporated in the Isle of Man) (Registered number 010534V) LSE share code: RDI JSE share code: RPL LEI: 2138006NHZUMMRYQ1745 ISIN: IM00BH3JLY32 ("RDI" or the "Company") RDI DISPOSES OF 127 CHARING CROSS ROAD, LONDON FOR £59.25m RDI, the income focused UK Real Estate Investment Trust ("UK-REIT"), is pleased to announce that it has completed the disposal of 127 Charing Cross Road for a headline price of £59.25 million to Nomura Real Estate UK Limited. The disposal price reflects a 1 per cent premium to the 31 August 2020 valuation, a net initial yield of 3.1 per cent, based on the contracted rental income, and a capital value per of £1,481 per sq ft on the existing area. The property was acquired as part of the AUK portfolio acquisition in March 2016 for £42.6 million. The disposal price therefore reflects a 39.1 per cent increase in value since acquisition. The growth in value has been supported by a successful asset management strategy including securing full planning permission, which provides an opportunity to increase the overall area of the property by 41.1 per cent through the development of three additional floors. Stephen Oakenfull, CEO of RDI commented: "This disposal marks the conclusion of a well-executed and successful asset management plan designed to enhance the value of an income generating asset. We believe that the sale captures a significant proportion of the asset’s potential value and provides us with the ability to recycle capital into opportunities with stronger risk-adjusted returns. “In the meantime, the proceeds of this transaction further strengthen the balance sheet where we now have cash and available facilities totalling approximately £275 million to execute on our strategy." 2 February 2021 For further information: RDI REIT P.L.C. Stephen Oakenfull, Donald Grant Tel: +44 (0) 20 7811 0100 FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey Tel: +44 (0) 20 3727 1000 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 Note to editors: About RDI RDI is an income focused UK Real Estate Investment Trust (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 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: 02-02-2021 09:00:00 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.