X0306 4 2018-05-02 0 0001628063 Seritage Growth Properties SRG 0001646992 Rottler Mary 500 FIFTH AVENUE, SUITE 1530 NEW YORK NY 10110 0 1 0 0 EVP of Leasing & Operations Class A Common Shares 2018-05-02 4 A 0 3147 0 A 14243 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 10,187 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