X0306 4 2019-01-25 0 0001735184 Retail Value Inc. RVI 0001742349 Boston Gary N 3300 ENTERPRISE PARKWAY BEACHWOOD OH 44122 1 0 0 0 Common Shares 2019-01-25 4 A 0 1.9987 0.00 A 8826.9987 D Shares acquired as a result of a stock dividend as of January 25, 2019. Reflects an exempt, equitable adjustment increasing restricted stock units by 365 units for the stock dividend. These 365 RSUs generally vest 99 on July 31, 2019, 133 on July 31, 2020 and 133 on July 31, 2021. Vested shares will generally be delivered to the reporting person within 30 days after vesting. /s/ Tammy Battler, Attorney-In-Fact 2019-01-29