Acquisition of two freehold office investments located in Stuttgart and Hamburg, Germany 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 February 2016 ACQUISITION OF TWO FREEHOLD OFFICE INVESTMENTS LOCATED IN STUTTGART AND HAMBURG, GERMANY The Board of Schroder European Real Estate Investment Trust Plc (the "Company") announces the Company's third investment since listing on 9 December 2015. Contracts have been exchanged for the purchase of two office buildings located in Germany's leading office markets Stuttgart and Hamburg, for a total of €28.9 million at a blended net initial yield of 6.0%. The assets are fully income producing and multi-let to a combination of governmental and private sector tenants, with an average unexpired lease term of c. 8.5 years. Both properties have either been constructed or substantially refurbished in the last decade, are located in established office sub-markets and are well connected to public transport. Commenting on the acquisition, Sir Julian Berney, Non-Executive Chairman of the Company commented: "We are delighted to have committed to acquire these office assets located in key German cities. They add important scale, diversification and long income characteristics to the portfolio. Progress in committing the initial equity has been swift and we look forward to growing the portfolio in due course.” Tony Smedley, Head of Continental European Investment at Schroder REIM commented: “These two office investments reinforce our focus on growth cities and regions in the major economies of Continental Europe. Within the first quarter following launch, the Company has committed to acquire four institutional grade office and retail investments, totalling c. €100m in gross value, demonstrating our capability to originate good quality assets at yields consistent with our objectives.” The purchase is subject to a waiver of the local authority's statutory pre-emption right and standard land registry notification and is therefore expected to complete at the beginning of April 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 Sponsor: PSG Capital Proprietary Limited Date: 16/02/2016 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.