Redefine International : Grant of Contingent Awards and PDMR Sharedealing

RDI REIT P.L.C.

('RDI' or the 'Company')

(Registered number 010534V)

LSE share code: RDI

JSE share code: RPL

ISIN: IM00B8BV8G91

LEI: 2138006NHZUMMRYQ1745

GRANT OF CONTINGENT AWARDS UNDER LONG TERM PERFORMANCE SHARE PLAN

AND PDMR SHAREDEALING

RDI, the FTSE 250 income focused UK Real Estate Investment Trust ('UK-REIT'), announces that contingent share awards have been granted to certain executive directors under the RDI Long Term Performance Share Plan ('PSP'), which was approved by shareholders in November 2013, and forms part of the Company's New Remuneration Policy, which was approved by shareholders at the Annual General Meeting held on 23 January 2017.

Each of the following executive directors and persons discharging managerial responsibility ('PDMR') have, on 18 January 2018, been granted contingent share awards over the number of ordinary shares in RDI under the terms of the PSP, as set out below:

Director/PDMR	Number of PSP shares awarded on 18 January 2018	Total number of shares held as awards under the PSP following grant
Mike Watters	1,954,023	5,350,978
Stephen Oakenfull	1,389,805	3,588,989
Adrian Horsburgh	1,264,868	3,464,052
Donald Grant	1,175,412	3,269,874

The awards will vest three years from date of grant, subject to continued employment and the satisfaction of performance targets. The figures above reflect the maximum number of shares that could vest. The actual number that will vest will depend on the extent to which the performance targets are satisfied over the performance period. No consideration was paid for any of the awards and no consideration is due on vesting. This notification is made in accordance with DTR 3.1.4R (1)(a).

In addition to the above contingent awards, the following executive directors have acquired additional shares in the Company, the details of which are shown below: -

	Mike Watters	Donald Grant
Position	Chief Executive Officer	Chief Financial Officer
Shares Acquired	67,000	25,000
Acquisition Price	£0.3594	£0.3595
Aggregate Price	£24,079.80	£8,987.50
Place	LSE	LSE
Date	17/01/2018	16/01/2018
Total Shareholding in RDI	6,653,428	75,000
% of Issued Share Capital	0.35%	Less than 0.01%

For further information:

RDI REIT P.L.C. Mike Watters, Stephen Oakenfull	Tel: [phone]
FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey, Ellie Sweeney	Tel: [phone]
Instinctif Partners SA Public Relations Adviser Frederic Cornet, Lizelle du Toit	Tel: [phone]
Java Capital JSE Sponsor	Tel: [phone]

Note to editors:

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 39% indexed and has a WAULT of 7.4 years to first break (8.5 years to expiry). This is complemented by an average debt maturity of 7.3 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. All figures as at 31 August 2017.

The Company owns properties independently valued at £1.5bn in the United Kingdom and Germany, Europe's two largest and most transparent property markets. RDI invests in assets with strong property fundamentals spread across UK shopping centres, UK retail parks, UK offices, UK logistics, UK hotels and German retail.

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 and GPR indices.

For more information on RDI, please refer to the Company's website www.rdireit.com

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Watters
2	Reason for the notification
a)	Position/status	Director/C.E.O.
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RDI REIT P.L.C.
b)	LEI	2138006NHZUMMRYQ1745
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares 2138006NHZUMMRYQ1745
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 35.94 pence 67,000
d)	Aggregated information - Aggregated volume - Price	67,000 £24,079.80
e)	Date of the transaction	2018-01-17
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Donald Grant
2	Reason for the notification
a)	Position/status	Director/Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	RDI REIT P.L.C.
b)	LEI	2138006NHZUMMRYQ1745
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares 2138006NHZUMMRYQ1745
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 35.95 pence 25,000
d)	Aggregated information - Aggregated volume - Price	25,000 £8,987.50
e)	Date of the transaction	2018-01-16
f)	Place of the transaction	London Stock Exchange