Completion of Acquisition 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 7 August 2018 Completion of Acquisition Schroder European Real Estate Investment Trust Plc ("SERE" or the "Company"), the company investing in European growth cities, has completed the purchase of a freehold logistics property in Rumilly, France for €8.6 million, as announced on 21 June 2018. The 16,700 sqm warehouse was acquired off a net initial yield of 7% and 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 whose economy is forecast to grow faster than the national average1 and is leased off affordable / sustainable rents, in an area where there is limited supply. Oxford Economics 2018 1 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: 07/08/2018 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.