SCHRODER EUROPEAN REAL ESTATE INV TRUST PLC - Notice Of Dividend Currency Exhange Rate (South African Rand)

Notice Of Dividend Currency Exhange Rate (South African Rand)

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


                                                                       15 August 2016

NOTICE OF DIVIDEND CURRENCY EXHANGE RATE (SOUTH AFRICAN RAND)

On 29 July 2016, Schroder European Real Estate Investment Trust plc (the
“Company”) announced its maiden interim dividend for the period to 30 June 2016 of
0.8 euro cents per share.

The currency exchange rate applicable for the dividend payable in South African cents
to shareholders on the South African register is based on the exchange rate on 15
August 2016 and is set out below:


 Dividend 0.8 euro cents     Exchange rate                 Dividend in South
 per share                                                 African cents per share
 South African cents          14.85406                     11.88325

Dividend tax will be withheld from the amount of the gross dividend of 11.88325 South
African cents per share paid to shareholders on the South African register at the rate
of 15 per cent unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend will be 10.10076 South
African cents per share.

For the avoidance of doubt, dividend tax, and therefore the information provided in this
announcement, is only of direct application to shareholders on the South African
register.


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

Shareholders on the South African branch register should direct any questions
regarding the application of the dividend tax to the Company’s Transfer Secretary:

Computershare Investor Services (Pty) Limited
70 Marshall Street
Johannesburg 2001
Postal Address - PO Box 61051
Marshalltown 2107
Telephone +27 11 373 0033
Facsimile +27 11 688 5218
Email enquiries: web.queries@computershare.co.za

JSE Sponsor: PSG Capital Proprietary Limited

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