TIDMSERE

RNS Number : 4032R

Schroder Eur Real Est Inv Trust PLC

29 June 2020

29 June 2020

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 24 June 2020, Schroder European Real Estate Investment Trust plc (the "Company") announced its second interim

dividend for the year ending 30 September 2020 of 0.925   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 29 June 2020 and is set out below:

 
 Declared dividend    Exchange rate   Dividend in South 
                                       African cents per 
                                       share 
 0.925 euro cents 
  per share           19.43500        17.97738 
                     --------------  -------------------

Dividend tax will be withheld from the amount of the gross dividend of 17.97738 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 14.38190 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-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 Proprietary Limited

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END

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