Completion of Acquisitions 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 25 September 2018 Completion of acquisitions Schroder European Real Estate Investment Trust plc ("SERE" or the "Company"), the company investing in European growth cities, has completed the purchase, in separate transactions, of three Netherlands industrial assets, for €19.8 million, reflecting a combined net initial yield of 6.5%, as announced on 21 August 2018. SERE’s portfolio currently comprises 12 properties with a value of approximately €222 million. The portfolio will generate contracted rents of €16.1 million with an average unexpired lease term to first break and expiry of 5.1 years and 6.7 years (per end of June 2018). The acquisitions provide further sector diversification, with the portfolio having the following allocations; 49% office, 29% retail, 13% industrial and 9% mixed use. Following these acquisitions, SERE has a remaining investment capacity of approximately €15 million. Enquiries: Duncan Owen/Jeff O’Dwyer Schroder Real Estate Investment Management Limited Tel: 020 7658 6000 Ria Vavakis Schroder Investment Management Limited Tel: 020 7658 2371 Dido Laurimore/Richard Gotla/Methuselah Tanyanyiwa Tel: 020 3727 1000 FTI Consulting JSE Sponsor PSG Capital Date: 25/09/2018 08:00:00 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.