X0306 4 2018-03-02 0 0001628063 Seritage Growth Properties SRG 0001644525 Fernand Matthew E 500 FIFTH AVENUE, SUITE 1530 NEW YORK NY 10110 0 1 0 0 General Counsel and EVP Class A Common Shares 2018-03-02 4 A 0 2764 0 A 17260 D Represents a grant of Restricted Share Units under the Seritage Growth Properties 2015 Share Plan. This award will vest in substantially equal installments on each of March 2, 2019, March 2, 2020 and March 2, 2021. Includes 12,430 unvested Restricted Share Units and Restricted Shares, as of the date of this filing. /s/ Matthew E. Fernand 2018-03-06