Acquisition - Completion Of The Purchase Of The Convenience Retail Property Located In Frankfurt AM Main, 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 2 June 2016 ACQUISITION - COMPLETION OF THE PURCHASE OF THE CONVENIENCE RETAIL PROPERTY LOCATED IN FRANKFURT AM MAIN, GERMANY Further to the announcement on 28 April 2016, the Board of Schroder European Real Estate Investment Trust plc (the "Company") confirms completion of the purchase of the convenience retail property located in Rodelheim (Frankfurt) at a purchase price of €11.05 million reflecting a net initial yield of 5.6%. The investment is well located in a growing inner urban area of Frankfurt am Main and is anchored by a 1,600 sqm Lidl supermarket with an initial lease term exceeding 10 years. The Company now owns a portfolio of five investments in its key target markets of France and Germany and continues to pursue negotiations on a number of other potential transactions. 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: 02/06/2016 08:30:00 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.