Necessity Retail Settlement

TO: record and beneficial owners of The Necessity Retail Reit, Inc. (“RTL” or the “Company”) common stock, as of September 12, 2023 together with their respective successors and assigns.

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Circuit Court of Baltimore City, Maryland (the “Court”), that the above-captioned stockholder class action (the “Action”) is pending in the Court.

YOU ARE ALSO NOTIFIED that Plaintiffs Robert G. Meyer and Thomas W. Miars (“Plaintiffs”), on behalf of themselves and the putative Class have reached a proposed settlement with defendants Michael Weil, Lisa Kabnick, Leslie Michelson, Stanley Perla, Edward Rendell (the “Individual Defendants”), and AR Global Investments, LLC (“AR Global”) (collectively, “Defendants” and together with Plaintiffs the “Parties”), for $3,250,000.00 USD in cash (the “Settlement”). The terms of the Settlement are stated in the Stipulation and Agreement of Compromise and Settlement between Plaintiffs and Defendants, dated April 25, 2025 (the “Stipulation”), a copy of which is available at www.NecessityRetailSettlement.com. The proposed Settlement, if approved, will resolve all claims in the Action as against the Defendants.

A hearing (the “Settlement Hearing”) will be held on September 16, 2025 at 9:30 a.m., before the Honorable Audrey J.S. Carrión, in person at the Circuit Court of Baltimore City, 111 N Calvert St, Baltimore, MD 21202.

If you are a member of the Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Net Settlement Fund. You may obtain a copy of the Notice by contacting the Settlement Administrator toll free at 1-888-851-7128. A copy of the Notice can also be downloaded from the Documents page of this website.