Transaction in Own Shares

RDI REIT P.L.C.

("RDI" or the "Company" or the "Group")

(Registration number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

LEI: 2138006NHZUMMRYQ1745

SHARE BUY-BACK PROGRAMME

RDI is today pleased to announce a share buyback programme of up to approximately £7.0 million RDI ordinary shares (the "Programme"). The purpose of the Programme is to reduce the share capital of the Company and thus to mitigate the dilutive effect of the anticipated issue of shares pursuant to the scrip dividend alternative announced with the Company's interim results on 25 April 2018. The Board believes this to be in the best interests of shareholders, given the current share price relative to net asset value. The Programme is currently expected to commence following this announcement and to end on or around 25 June 2018, being the date when the scrip shares are expected to be issued. All shares will be cancelled upon acquisition.

The Company has instructed Peel Hunt LLP to execute share buybacks on its behalf through the market at prices below the EPRA net asset value per share as at 28 February 2018, up to the value of approximately £7.0 million in aggregate. The maximum daily number of shares that will be purchased is 25% of the average daily trading volume of the preceding 20 trading days. The timing and the actual number of ordinary shares purchased will be dependent on market conditions, legal and regulatory requirements and the other terms and limitations contained in the arrangements.

The Programme will be conducted in compliance with the general authority vested in the Company at its AGM on 25 January 2018 to repurchase shares, the Market Abuse Regulation (EU) No. 596/2014, Commission Delegated Regulation (EU) No. 2016/1052 and Chapter 12 of the Financial Conduct Authority's Listing Rules.

Details of all purchases made pursuant to the Programme will be announced via RNS and published on the Company's website as required by the Market Abuse Regulation.

For further information, please contact:

About RDI

RDI is a FTSE 250 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 25.9% indexed and has a WAULT of 6.8 years to first break (8.2 years to expiry). This is complemented by an average debt maturity of 7.0 years of which over 90% 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 Johannesburg Stock Exchange and is included within the FTSE 250, 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 28 February 2018