RDI.L Regulatory News (RDI)

RDI REIT P.L.C.

("RDI" or the "Company")

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00BH3JLY32

LEI: 2138006NHZUMMRYQ1745

Completion of Share Consolidation

Following the announcement on 24 January 2019 that shareholders had approved the consolidation of every five Ordinary Shares issued and to be issued as at Friday, 8 February 2019 into one ordinary share of 40 pence each (the "Consolidation"), RDI is pleased to announce that the Consolidation has now completed.

The Consolidation has resulted in 380,089,923 ordinary shares of 40 pence each (the "New Consolidated Ordinary Shares") being in issue, such New Consolidated Ordinary Shares having the same rights and being subject to the same restrictions as ordinary shares in issue prior to the Consolidation. The Company has today applied for the New Consolidated Ordinary Shares to be admitted to the Premium Segment of the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission is expected to take place at 8.00 a.m. today (UK time). The New Consolidated Ordinary Shares will be listed on the Main Board of the JSE with effect from 9.00 a.m. today (South African time).

The New Consolidated Ordinary Shares will trade under the new International Securities Identification Number code (ISIN) of IM00BH3JLY32.

Shareholder accounts have been updated today, to reflect the New Consolidated Ordinary Shares to which they are entitled under the Consolidation as at Friday, 8 February 2019, being the record date of the Consolidation. Replacement share certificates for UK and South African certificated shareholders have been issued and dispatched today.

Following Admission, the total number of voting rights is 380,089,923. No New Consolidated Ordinary Shares are held in treasury. The figure of 380,089,923 ordinary shares in the Company may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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About RDI

RDI is a UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.

Income sustainability is underpinned by a diversified portfolio and tenant base, with no overreliance on any one sector or tenant, together with an efficient capital structure. The secure and growing income stream is 27.0% indexed and has a WAULT of 7.0 years to first break (8.4 years to expiry). This is complemented by an average debt maturity of 6.7 years of which over 95% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and reports one of the lowest cost ratios in the industry whilst maintaining a low cost of debt.

The Company owns properties independently valued at £1.6bn in the United Kingdom and Germany, Europe's two largest, liquid and transparent property markets. RDI invests in assets with strong property fundamentals spread across UK offices (including London serviced offices), UK logistics, UK shopping centres, UK retail parks, UK hotels and German retail. RDI is well placed to take advantage of the increasing occupier requirement for real estate owners to become high quality service providers, given its scalable operational platforms and nearly a third of the portfolio invested in hotels and London serviced offices.

RDI holds a primary listing on the London Stock Exchange and a secondary listing on the JSE and 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

All figures as at 31 August 2018.