SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Property portfolio valuation

Property portfolio valuation

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
 (the "Company")

8 January 2026

                              PROPERTY PORTFOLIO VALUATION

        RESILIENT PORTFOLIO VALUE SUPPORTED BY ACTIVE ASSET MANAGEMENT

Schroder European Real Estate Investment Trust plc, the Company investing in real estate in
European growth cities, today provides an update on the independent valuation of its property
portfolio as at 31 December 2025:

-   The property portfolio was independently valued at €194.0 million (30 September 2025:
    €194.0 million).
-   The Berlin DIY asset delivered a third consecutive quarter of valuation growth, up €0.5 million,
    or 0.18%, following the expiry of rent-free periods, part of the terms of the recently completed
    12-year lease extension.
-   Overall, valuations for the office assets remained stable, with all three properties in Paris,
    Hamburg and Stuttgart, retaining their values from the previous quarter.
-   The industrial portfolio showed a more varied performance, with notable valuation increases
    in Houten (€0.4 million, or 4.5%) and Utrecht (€0.1 million, or 2.0%), primarily due to rental
    growth. These gains offset a valuation reduction in Alkmaar (-€0.6 million, or -5.5%), as a
    result of higher discount rates reflecting increased tenant covenant risk.
-   The valuation of the mixed-use data centre in Apeldoorn had already anticipated KPN's
    departure at the end of 2026. Consequently, the quarterly decline of €0.3 million, or 2.5%, is
    attributable solely to the shortening lease term.

The Company continues to prioritise long term value creation and liquidity through active
management.

                                              -Ends-
Enquiries:

Jeff O'Dwyer                                                 Tel: 020 7658 6000
Schroder Real Estate Investment Management Limited

Natalia de Sousa
Schroder Investment Management Limited                       Tel: 020 7658 6000

Richard Gotla/Oliver 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: 08-01-2026 09:00:00
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