Acquisition Of An Office Property In Paris 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 28 October 2016 ACQUISITION OF AN OFFICE PROPERTY IN PARIS Following the successful equity placing on 28 October 2016, the Board of Schroder European Real Estate Investment Trust Plc (the "Company") announces the exchange of contracts for the purchase of a €30.1 million office property located in Saint Cloud, Paris, reflecting a net initial yield of 9.5%. The asset is fully income producing and comprises part of an established office complex in Saint Cloud, a densely populated mixed use area in the west of Paris. The new Grand Paris public transport connection will be completed alongside the building in 2025, which is expected to provide significantly improved accessibility to this part of Paris. The investment is fully in line with the Company's strategy to acquire income producing assets in winning cities, let off sustainable rents and in locations that benefit from constrained supply, multiple competing uses and where there are significant infrastructure improvements. Commenting on the acquisition, Sir Julian Berney, Non-Executive Chairman of the Company commented: "This is the Company’s eighth investment and our second in Paris, the largest and most liquid commercial real estate market in Continental Europe. We continue to identify attractive investment opportunities in our target markets and deploy capital consistent with strategy. We are pleased to add to our existing office exposure in Paris and regard this investment as complimentary to the portfolio, particularly in tenant diversity and at a return profile that is accretive to income distribution." The purchase is subject to a waiver of the statutory pre-emption rights in France and is therefore expected to complete at the end of December 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 JSE Sponsor: PSG Capital Proprietary Limited Date: 28/10/2016 02:00:00 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.