SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Property Portfolio Valuation

Property Portfolio Valuation

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
 (the "Company")
                                                                                  11 July 2025



                            PROPERTY PORTFOLIO VALUATION

    RESILIENT PORTFOLIO VALUES SUPPORTED BY ASSET MANAGEMENT INITIATIVES

Schroder European Real Estate Investment Trust plc, the Company investing in real
estate in European growth cities, today provides an update on the independent valuation
of the property portfolio as at 30 June 2025.

-    The property portfolio was independently valued at €193.9 million with total portfolio
     values remaining resilient, with robust industrial portfolio valuations and an uplift in
     Berlin o setting declines in other sectors, primarily driven by shortening lease terms.

-    The uplift in the value of the Company's Berlin DIY asset by €1.0 million, or 3.8%, was
     driven by the successful completion of a new 12-year lease extension with its sole
     tenant, Hornbach, which is the second largest tenant in the Company's portfolio by
     income.

-    Robust industrial valuations in both France and the Netherlands (€0.4 million, or
     +0.5%) continued to o set declines in the o ice portfolio (-€1.2 million, or -1.5%),
     predominantly linked to the Paris asset, and in the alternatives portfolio (-0.3 million,
     or -1.7%), primarily from the value of the mixed-use data centre in Apeldoorn
     declining by €0.5 million, or -3.6%.

-    In France, valuations were impacted by recent budgetary adjustments resulting in
     transfer taxes increasing 0.5%.

-    As previously advised, in line with best practice and governance, the Company has
     changed valuers from Knight Frank to Savills e ective from 30 June 2025.

                                            -Ends-
 Enquiries:
 Je O'Dwyer                                                        Tel: 020 7658 6000
 Schroder Real Estate Investment Management Limited

 Natalia de Sousa                                                  Tel: 020 7658 6000
Schroder Investment Management Limited

Dido Laurimore/Richard Gotla/Ollie Parsons                 Tel: 020 3727 1000
FTI Consulting



The Company has a primary listing on the London Stock Exchange and a secondary
listing on the JSE Limited.

JSE Sponsor
PSG Capital

Date: 11-07-2025 08:00:00
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