26 June 2017

NOTICE OF DIVIDEND CURRENCY EXHANGE RATE (STERLING)

On 25 May 2017, Schroder European Real Estate Investment Trust plc (the "Company") announced its second interim dividend for the year ending 30 September 2017 of 1.2 euro cents per share.

Shareholders on the UK register will receive their dividends in sterling, unless an election is completed and registered with the Company's registrars. The deadline for the currency election in respect of the forthcoming interim dividend payment was 23 June 2017.

This announcement confirms that the currency exchange rate applicable for the interim dividend for shareholders on the UK register who did not make a currency election before the applicable deadline and who therefore will receive their dividend in sterling is:

The dividend will be paid on 7 July 2017 to shareholders who were on the register at the close of business on 23 June 2017.      

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

LEI number: 549300BHT1Z8NI4RLD52