TIDMSERE

RNS Number : 7871E

Schroder Eur Real Est Inv Trust PLC

03 July 2023

3 July 2023

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 28 June 2023, Schroder European Real Estate Investment Trust plc (the "Company") announced its second interim dividend for the year ending 30 September 2023 of 1.85 euro cents per share.

The currency exchange rate applicable for the interim dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on 3 July 2023 and is set out below:

 
 D eclared dividend    Exchange rate   Dividend in South African cents 
                                        per share 
 1.85 euro cents 
  per share            20.42500        37.78625 
                      --------------  --------------------------------

Dividend tax will be withheld from the amount of the gross dividend of 37.78625 South African cents per share paid to shareholders on the South African register at the rate of 20 per cent unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend will be 30.22900 South African cents per share.

For the avoidance of doubt, dividend tax, and therefore the information provided in this announcement, is only of direct application to shareholders on the South African register.

Enquiries:

Jeff O'Dwyer

   Schroder Real Estate Investment Management Limited              Tel: 020 7658 6000

Shilla Pindoria

   Schroder Investment Management Limited                                   Tel: 020 7658 7267

Dido Laurimore Tel: 020 3727 1000

FTI Consulting

Shareholders on the South African branch register should direct any questions regarding the application of the dividend tax to the Company's Transfer Secretary:

Computershare Investor Services (Pty) Limited

Rosebank Towers, 15 Biermann Avenue

Rosebank, 2196, South Africa

Postal Address - Private Bag X9000

Saxonwold, 2132.

Telephone +27 11 373 0033

Facsimile +27 11 688 5218

Email enquiries: web.queries@computershare.co.za

JSE Sponsor:

PSG Capital

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END

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