Director/PDMR Shareholding

SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

LEI: 213800EVV1YZ6N5CYA85

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons

02 December 2019

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Lorraine Baldry
b)	Position / status	Non-Executive Director - Chairman
c)	Initial notification / amendment	Initial
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares  GB00B01HM147
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 53.15 pence per share 100,000
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	02 December 2019
f)	Place of the transaction	London
g)	Currency	GBP – British Pound

Enquiries
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255, Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

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