X0306 4 2018-07-31 0 0001735184 Retail Value Inc. RVI 0001742349 Boston Gary N 3300 ENTERPRISE PARKWAY BEACHWOOD OH 44122 1 0 0 0 Common Shares 2018-07-31 4 A 0 4162 0.00 A 8460 D The RSUs generally vest 1,135 on July 2, 2019, 1,513 on July 2, 2020 and 1,514 on July 2, 2021. Vested shares will generally be delivered to the reporting person within 30 days after vesting. This total includes 4,247 RSUs previously granted on July 2, 2018 and reported on July 5, 2018 on Table II (which RSUs are now being reported on Table I and will no longer be reported on Table II). This total includes 51 common shares previously acquired in the exempt pro-rata distribution of Issuer common shares in connection with the spin-off of the Issuer by DDR Corp. on July 1, 2018. /s/ Tammy Battler, Attorney-In-Fact 2018-08-02