Results of Placing

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S.
PERSONS.

 

                 Schroder Real Estate Investment Trust Limited                 

                               20 November 2014                                

                              Results of placing                               

 

Further to the announcement dated 17 November 2014 the Board of Schroder Real
Estate Investment Trust Limited (the 'Company') is pleased to announce the
successful issue of further ordinary shares by way of a placing (the 'Placing')
pursuant to the terms and conditions of the Placing Programme established under
the prospectus issued by the Company dated 20 March 2014 (as amended).  

The Directors have exercised the right, in consultation with Numis and J.P.
Morgan Cazenove, to increase the number of New Shares offered pursuant to the
Placing to 47.0 million New Shares.

A total of 47,000,000ordinary shares (the "New Shares") have therefore been
placed, subject to Admission, by J.P. Morgan Cazenove ("JPMC") and Numis
Securities Limited ("Numis") at a price of 57.50p per share, raising gross
proceeds of approximately £27.0 million. The New Shares represent approximately
10.0% of the issued ordinary share capital of the Company prior to the Placing.

The New Shares will, when issued, be credited as fully paid and will rank pari
passu in all respects with the existing Ordinary Shares, (save for any
dividends or other distributions declared, made or paid on the Ordinary Shares
by reference to a record date prior to the allotment of the relevant New
Shares).

Application has been made to the FCA for admission of the New Shares to the
Official List. Application has also been made for the New Shares to be admitted
to trading on the London Stock Exchange. It is expected that Admission will
become effective and that unconditional dealings in the New Shares will
commence on the main market for listed securities of the London Stock Exchange
at 8.00 a.m. (London time) on 24 November 2014.

Following Admission, the number of ordinary shares that the Company has in
issue will be 518,513,409. The total number of voting rights of the Company
will be 518,513,409 and this figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in the
Company, under the Disclosure and Transparency Rules.

The New Shares will be issued in registered form and may be held in
uncertificated form. The New Shares allocated will be issued to Placees through
the CREST system unless otherwise stated. The New Shares will be eligible for
settlement through CREST with effect from Admission.


For further information:

Schroder Property Investment Management Limited:
Duncan Owen / Nick Montgomery
020 7658 6000

Northern Trust:
David Sauvarin
01481 745529

J.P. Morgan Cazenove:
William Simmonds
020 7742 4000

Numis Securities:
David Benda
020 7260 1000

FTI Consulting:
Dido Laurimore / Ellie Sweeney
020 3727 1000


Capitalised terms used but not defined in this announcement will have the same
meaning as set out in the prospectus to Shareholders dated 20 March 2014 (as
amended). Copies of that prospectus, together with any supplementary
prospectuses relating thereto, are available from the Company's website:
www.srei.co.uk.