SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Asset management update

Asset management update

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")

5 March 2026

                              ASSET MANAGEMENT UPDATE

                  LEASE EXTENSIONS IMPROVING INCOME SECURITY

Schroder European Real Estate Investment Trust plc (the "Company"), which invests in real
estate across key European growth cities, today provides an asset management activity
update as it continues to focus on proactive value creation and risk management across the
portfolio.

The Company has concluded a new 10-year annually indexed lease with the State of Baden-
Württemberg for 4,784 sqm of office space at its Stuttgart property in Germany (c. 5% / €0.9
million of portfolio income), reflecting an 18% increase to the previous passing.

At its Rumilly logistics property, the Company has agreed heads of terms on a seven/ten-year
term lease extension with the sole tenant (c. 5% of portfolio income). Further detail will be
provided in due course.

The Company also announces that at its Alkmaar industrial property in the Netherlands (c.
5% of portfolio income), Shuurman Beheer B.V., the sole tenant, has, as a result of financial
difficulties, been forced to cease operations at the asset, following which it has elected not
to fulfil its lease obligations. The Company has initiated legal proceedings, including
enforcement of the €350,000 rental guarantee. Active marketing of the premises, which is
located in a prominent logistics and distribution hub and features on-site renewable energy
and an EPC A+ rating, has commenced with good initial interest from prospective occupiers.
Further updates will be provided in due course.

                                           -Ends-
Enquiries:

Jeff O'Dwyer                                             Tel: 020 7658 6000
Schroder Real Estate Investment Management
Limited
Natalia de Sousa                                        Tel: 020 7658 6000
Schroder Investment Management Limited

Richard Gotla/Oliver 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: 05-03-2026 09:00:00
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