On May 30, 2018, each of Messrs. Scott D. Roulston and Barry A. Sholem, directors of DDR Corp., advised the Company of his resignation from the board of directors of the Company (the Board) to join the board of directors of Retail Value Inc., a wholly-owned subsidiary of the Company (RVI), upon consummation of the spin-off of RVI into a separate, publicly-traded company. Each of Messrs. Roulston and Sholem have confirmed to the Board that his decision to conditionally resign was not due to a disagreement with the Company on any matter relating to the Company's operations, policies or practices.