SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Notifications of Major Interests in Shares

Notifications of Major Interests in Shares

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

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which
   voting rights are attached:

Schroder European Real Estate Investment Trust Plc

2. Reason for the notification
(please place an X inside the appropriate bracket/s):

  An acquisition or disposal of voting rights: ( X )

  An acquisition or disposal of financial instruments which may result in the
  acquisition of shares already issued to which voting rights are attached: ( )

  An acquisition or disposal of instruments with similar economic effect to
  qualifying financial instruments

  An event changing the breakdown of voting rights: ( )

  Other (please specify): ( )

3. Full name of person(s) subject to notification obligation:

  Truffle Asset Management Pty Ltd

4. Full name of shareholder(s) (if different from 3):

  See paragraph 9

5. Date of transaction (and date on which the threshold is crossed or reached if
   different):

  26 February 2016
6. Date on which issuer notified:

  3 March 2016

7. Threshold(s) that is/are crossed or reached:

  Threshold through 11%
8. Notified Details:


A: Voting rights attached to shares

Class/type of shares     Situation previous to the triggering transaction
if possible use ISIN
CODE
                         Number of shares           Number of voting rights

GB00BY7R8K77             13,331,409                 13,331,409



Resulting situation after the triggering transaction
 Number of shares       Number of voting rights      % of voting rights

 Direct                  Direct          Indirect       Direct       Indirect

 13,374,389              N/A             13,374,389                  11.03%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of             Expiration Exercise/conversion  No. of voting rights  % of voting
financial           date       period               that may be           rights
instrument                                          acquired if the
                                                    instrument
                                                    exercised/
                                                    converted
N/A                 N/A        N/A                  N/A                   N/A


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction
Type of       Exercise Expiration   Exercise/     Number of        % of voting rights
financial     price      date       Conversion    voting rights
instrument                          period        instrument
                                                  refers to

                                                                        Nominal   Delta
N/A           N/A         N/A         N/A              N/A
                                                                        N/A       N/A
Total (A+B+C)
Number of voting      % of voting rights
rights


13,374,389            11.03%

9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable :

   ASHBURTON MULTI MANAGER FLEXIBLE FUND                   156,749
   ASHBURTON MULTI MANAGER EQUITY FUND                       7,949
   NEDMANAGED NGI MANAGED FUND                           2,630,000
   FEDHEALTH MEDICAL AID FUND                              430,000
   SBSA ITF METCI TRUFFLE INSTITUTIONAL FUND               629,685
   SBSA ITF METCI TRUFFLE GENERAL EQUITY FUND              306,741
   SBSA ITF METCI TRUFFLE FLEXIBLE FUND                  4,210,807
   SBSA ITF METCI TRUFFLE BALANCED FUND                  1,768,466
   SBSA ITF SMMI POSITIVE NO3                            1,000,000
   SBSA ITF SMMI POSITIVE NO1                            1,583,922
   UNIVERSITY OF FREE STATE PENSION FUND                    31,752
   FNB PENSION FUND                                        258,000
   UNIVERSITY OF FREE STATE TRUST FUND                      43,169
   DENEL RETIREMENT FUND                                    50,829
   UNISA RETIREMENT FUND                                    76,205
   HOME FINANCE GUARENTORS INSURANCE                        78,000
   HOME LOAN GUARENTEE COMPANY NPC                          58,000
   HOUSING FOR HIV NPC                                      54,000
   GOLD TRUFFLE                                                115

Proxy Voting:

10. Name of proxy holder:

   N/A

11. Number of voting rights proxy holder will cease to hold:

   N/A

12. Date on which proxy holder will cease to hold voting rights:

   N/A

13. Additional information:
   Truffle received the original number via the IPO 09/12/2015. This was
   between 10 – 11%.

14. Contact name:

   Ria Vavakis

15. Contact telephone number:

   020 7658 2371

7 March 2016

Sponsor: PSG Capital Proprietary Limited

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