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

Notice Of Dividend Currency Exchange 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


                                                                      16 January 2017

                  NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (STERLING)

On 14 December 2016, Schroder European Real Estate Investment Trust plc (the
“Company”) announced its second interim dividend for the period to 30 September
2016 of 0.9 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 13
January 2017.

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


 0.9 euro cents per share     0.87780                      0.79002 pence per share

The dividend will be paid on 27 January 2017 to shareholders who were on the register
at the close of business on 13 January 2017.

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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