SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Reduction Of The Share Premium Account

Reduction Of The Share Premium Account

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

                                                                           31 March 2016

                  REDUCTION OF THE SHARE PREMIUM ACCOUNT

As stated in the prospectus of Schroder European Real Estate Investment Trust plc (the
“Company”) dated 11 November 2015, in order to increase the distributable reserves
available to facilitate the payment of future dividends, the Company had resolved that,
conditional upon First Admission and the approval of the Court, the amount standing to the
credit of the share premium account of the Company immediately following completion of the
Initial Placing and Offer be cancelled and transferred to a special distributable reserve.

The Company is pleased to announce that, following the approval of the Court and the
subsequent registration of the Court order with the Registrar of Companies on 23 March
2016, the reduction has now become effective. Accordingly, the amount of £96,749,991
previously held in the share premium account has been cancelled.

Given that the Company issued further shares subsequent to First Admission, on 14
December 2015 and on 12 February 2016, there is a balance remaining to the credit of the
share premium account following the above cancellation.


Enquiries:

Ria Vavakis
Schroder Investment Management Limited                          Tel: 020 7658 2371

Sponsor: PSG Capital Proprietary Limited

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