SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Notice Of Dividend Currency Exchange Rate (South African Rand)

Notice Of Dividend Currency Exchange Rate (South African Rand)

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

13 December 2021

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 7 December 2021, Schroder European Real Estate Investment Trust plc (the
“Company”) announced its fourth interim dividend for the year ending 30 September
2021 of 1.85 euro cents per share and a special dividend of 4.75 euro cents per share,
resulting in a combined interim dividend of 6.6 euro cents per share.

The currency exchange rate applicable for the combined interim dividend payable in
South African cents to shareholders on the South African register is based on the
exchange rate on 13 December 2021 and is set out below:

                    Euro cents       Exchange rate      Gross Dividend     Net
                    per share                           in South           Dividend in
                                                        African cents      South
                                                        per share          African
                                                                           cents per
                                                                           share
 Declared           1.85             17.97000           33.24450           26.59560
 fourth interim
 dividend
 Declared           4.75             17.97000           85.35750           68.28600
 special
 dividend

Dividend tax will be withheld from the amount of the gross dividend of 118.60200. South
African cents per share paid to shareholders on the South African register at the rate of
20 per cent unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend will be 94.88160 South African
cents per share.

For the avoidance of doubt, dividend tax, and therefore the information provided in this
announcement, is only of direct application to shareholders on the South African register.

Enquiries:

Jeff O’Dwyer
Schroder Real Estate Investment Management Limited            Tel: 020 7658 6000

Benjamin Hanley
Schroder Investment Management Limited                      Tel: 020 7658 6000

Dido Laurimore                                              Tel: 020 3727 1000
FTI Consulting

Shareholders on the South African branch register should direct any questions regarding
the application of the dividend tax to the Company’s Transfer Secretary:

Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196, South Africa
Postal Address - Private Bag X9000
Saxonwold, 2132.
Telephone +27 11 373 0033
Facsimile +27 11 688 5218
Email enquiries: web.queries@computershare.co.za

JSE Sponsor:
PSG Capital

Date: 13-12-2021 02:30:00
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