SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Notice Of Dividend Currency Exhange Rate (Sterling)

Notice Of Dividend Currency Exhange Rate (Sterling)

Schroder European Real Estate Investment Trust PLC
(Incorporated in England and Wales)
Registration number: 09382477
JSE Share Code: SCD
LSE Ticker: SERE
ISIN number: GB00BY7R8K77


                                                                       23 August 2016

                NOTICE OF DIVIDEND CURRENCY EXHANGE RATE (STERLING)

On 29 July 2016, Schroder European Real Estate Investment Trust plc
(the “Company”) announced its maiden interim dividend for the period 
to 30 June 2016 of 0.8 euro cents per share.

Shareholders on the UK register will receive their dividends in sterling, 
unless an election is completed and registered with the Company's registrars.
The deadline for the currency election in respect of the forthcoming interim 
dividend payment was 19 August 2016.

This announcement confirms that the currency exchange rate applicable for the interim
dividend for shareholders on the UK register who did not make a currency election
before the applicable deadline and who therefore will receive their dividend in sterling
is:


 Declared dividend            Exchange rate                Dividend to be paid for
                                                           those receiving
                                                           dividends in sterling


 0.8 euro cents per share     0.85275                      0.68220 pence per share

The dividend will be paid on 7 September 2016 to shareholders who were on the
register at the close of business on 19 August 2016.

Enquiries:

Duncan Owen/Tony Smedley
Schroder Real Estate Investment Management Limited           Tel: 020 7658 6000

Ria Vavakis
Schroder Investment Management Limited                       Tel: 020 7658 2371

Dido Laurimore                                               Tel: 020 3727 1000
FTI Consulting

JSE Sponsor: PSG Capital Proprietary Limited

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