Rent Collection and Property Portfolio Valuation 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 26 July 2021 RENT COLLECTION AND PROPERTY PORTFOLIO VALUATION 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 rent collection, alongside an independent valuation of the property portfolio as at 30 June 2021. - Approximately 94% of rent due for the quarter ended 30 June 2021 has been collected, which is ahead of the amount collected in the previous two quarters of 92% - As at 30 June 2021, the property portfolio was independently valued at €204.7 million, an increase of 0.9%, or €1.8 million, on the 31 March 2021 valuation of €202.9 million. Excluding the 50% interest in Metromar Seville, which has now been reflected at nil in the balance sheet, the portfolio increased in value by €2.3 million, or 1.2% - The valuation increase over the quarter was primarily driven by: o Full occupation, an improved yield re-rating and ERV growth at the Hamburg office investment, delivering a valuation increase of €1.9 million, or 9.5% o Improved ERV growth at the Stuttgart office investment, delivering a valuation increase of €1.0 million, or 5.4% - The Company has an aggregated loan to value ratio of approximately 29% (gross of cash) as at 30 June 2021, with no recourse to the Company and no debt maturity before 2023 - The Company continues to review, and is in various stages of the acquisition process regarding, new investments that will diversify and strengthen its exposure to growth cities and regions. This follows last month’s signing of a €6.15 million logistics investment in Nantes, France reflecting a net initial yield of 5.5% and an unexpired lease term of approximately 7 years. 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: 26-07-2021 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.