Property Portfolio Valuation and Rent Collection Update 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 10 January 2022 PROPERTY PORTFOLIO VALUATION AND RENT COLLECTION UPDATE Schroder European Real Estate Investment Trust plc ("SERE" or the "Company"), the company investing in real estate in European growth cities, today provides an update on the independent valuation of the property portfolio and rent collection as at 31 December 2021: - The direct property portfolio was independently valued at €207.1 million, reflecting a like for like increase over the quarter, excluding the impact of a recently acquired industrial warehouse in Venray, Netherlands (valued at €1.65 million), of 2.2%, or €4.35 million. In addition, the Company has a 50% interest in a joint venture in Seville which continues to be recognised at nil interest - The valuation increase over the quarter was driven by yield compression achieved across office, retail and logistics assets within the portfolio reflecting the benefit of having a diversified portfolio as well as the strength of those individual assets - The majority of the valuation uplift was driven by: o Improved yield re-rating at the Berlin retail DIY investment, delivering a valuation increase of €1.8 million, or 6.2% o Improved yield re-rating at the Hamburg office investment, delivering a valuation increase of €1.2 million, or 5.2% o Improved yield re-rating at the Rennes logistics investment, delivering a valuation increase of €0.9 million, or 4.8% - Approximately 96% of rent due for the quarter ended 31 December 2021 has been collected. Enquiries: 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/Ollie Parsons FTI Consulting Tel: 020 3727 1000 The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE Limited. JSE Sponsor PSG Capital Date: 10-01-2022 09:00:00 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.