X0306 4 2018-05-31 0 0001628063 Seritage Growth Properties SRG 0001327762 Lombard Kenneth T 500 FIFTH AVENUE, SUITE 1530 NEW YORK NY 10110 0 1 0 0 EVP, Chief Operating Officer Class A Common Shares 2018-05-31 4 A 0 2097 0 A 2672 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 2,097 unvested Restricted Share Units, as of the date of this filing. /s/ Matthew E. Fernand, as attorney-in-fact 2018-08-03