TIDMSERE

RNS Number : 1868X

Schroder Eur Real Est Inv Trust PLC

17 December 2019

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

17 December 2019

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 9 December 2019, Schroder European Real Estate Investment Trust plc (the "Company") announced its fourth interim dividend for the year ended 30 September 2019 of 1.85 euro cents per share.

The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on 17 December 2019 and is set out below:

 
 Declared dividend      Exchange rate   Dividend in South 
                                         African cents per 
                                         share 
 1.85 euro cents per 
  share                 16.06000        29.71100 
                       --------------  -------------------

Dividend tax will be withheld from the amount of the gross dividend of 29.71100 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 23.76880 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:

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 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 - PO Box 61051

Marshalltown 2107

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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December 17, 2019 07:30 ET (12:30 GMT)

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