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

Posting of the Annual Report and Notice of Annual General Meeting

Changes to the Board and No Change Statement

RDI, the income-focused UK-REIT, is pleased to announce that the following documents have been sent to shareholders today: -

- the Annual Report incorporating the audited financial statements for the year ended 31 August 2019 (the "Annual Report");

- the notice of the Annual General Meeting to be held on 23 January 2020 ("AGM"); and

- the form of proxy in respect of the AGM

(together, the "Documents").

The AGM will be held at 20 St Dunstan's Hill, London, EC3R 8HL on Thursday, 23 January 2020 at 11.00am (UK time). The record date to attend and vote at the AGM will be close of business on Friday, 17 January 2020 for shareholders on the South African register, and close of business on Tuesday, 21 January 2020 for shareholders on the UK register.

As noted in the Annual Report, the structure of the Board has been under review and, arising from this, three of the current Directors will not be standing for re-election at the AGM.

Marc Wainer will retire as a director of RDI following his retirement from the Board of Redefine Properties Limited ("RDF") in August 2019 and will not be replaced. We offer our thanks to Marc for his considerable contribution during his eight-year tenure. Pieter Prinsloo will act as RDF's sole representative on the RDI Board and Andrew Konig, a Director of RDF, will be appointed his alternate with effect from 23 January 2020.

Stephen Oakenfull and Adrian Horsburgh will step down as members of the Board but will retain their roles and titles as Deputy CEO and Property Director, respectively, on the executive committee. This will result in the RDI Board comprising seven directors, which better reflects the current size of the Company. The changes will improve the balance between independent and non-independent directors, aligning the composition of the Board with the requirements of the 2018 UK Corporate Governance Code, whilst also improving Board diversity.

Please note that the Annual Report contains no material changes to the results for the year ended 31 August 2019 as released on RNS and SENS on 24 October 2019.

Copies of the Documents will be submitted to the National Storage Mechanism in the UK and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM and can also be viewed on the Company's website, www.rdireit.com

For further information:

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