X0306 4 2018-05-02 0 0001628063 Seritage Growth Properties SRG 0001544531 Schall Benjamin 500 FIFTH AVENUE, SUITE 1530 NEW YORK NY 10110 1 1 0 0 CEO, President Class A Common Shares 2018-05-02 4 A 0 34960 0 A 274769 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 May 2, 2019, May 2, 2020 and May 2, 2021. Includes 205,100 unvested Restricted Share Units and Restricted Shares, as of the date of this filing. /s/ Matthew E. Fernand, as attorney-in-fact 2018-05-04