Acquisition Of A French Logistics Asset 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 21 June 2018 Acquisition of a French logistics asset Schroder European Real Estate Investment Trust Plc (the "Company"), the company investing in European growth cities, is pleased to announce that it has exchanged contracts to purchase a freehold logistics property in Rumilly, southern-eastern France, for €8.6 million, reflecting a net initial yield of 7.0%. The 16,700 sqm warehouse is fully let to a strong covenant, a subsidiary of the global food and drink manufacturer Nestlé, with an unexpired lease term of c. 7.5 years. In line with the Company’s winning centres strategy, it is located in a region that is forecast to grow faster than the national average 1 and is leased off affordable / sustainable rents, in an area where there is limited supply. Close to the A41/A43 autoroutes, Rumilly serves the major metropolitan areas of Lyon and Geneva, which have a combined population of over 2.5 million people living within a 90 minute drive. Commenting on the acquisition, Thomas Guyot, Head of Real Estate Investment, France at Schroder REIM commented: "This is a strong fit for the Company as we look to diversify our portfolio, providing us with exposure to the French logistics market which is currently experiencing strong occupational demand and rental growth. Located in an economically buoyant region of France, the warehouse benefits from its close proximity to the large conurbations of Lyon and Geneva. It is one of a number of investments that Schroder REIM is in exclusivity on, as it looks to deploy the proceeds due to be received from the sale of the two French Casino supermarkets, at the end of July." The purchase is subject to a waiver of statutory pre-emption rights in the French market and is therefore expected to complete at the end of August 2018. 1. Source: Oxford Economics, March 2018 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/Ellie Sweeney Tel: 020 3727 1000 FTI Consulting JSE Sponsor PSG Capital Date: 21/06/2018 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.