X0306 4 2018-07-02 0 0001735184 Retail Value Inc. RVI 0001742349 Boston Gary N 3300 ENTERPRISE PARKWAY BEACHWOOD OH 44122 1 0 0 0 Restricted Share Units 2018-07-02 4 A 0 4247 0.00 A Common Shares 4247 4247 D Each restricted share unit ("RSU") represents a contingent right to receive one issuer common share. The RSUs generally vest 1,158 on July 2, 2019, 1,544 on July 2, 2020 and 1,545 on July 2, 2021. Vested shares will generally be delivered to the reporting person within 30 days after vesting. /s/ Tammy Battler, Attorney-In-Fact 2018-07-05