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:
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