Change of Investment Strategy

28 May 2012

Invista European Real Estate Trust SICAF (the "Company")

a company organised under the laws of the Grand Duchy of Luxembourg as a société d'investissement à capital fixe ("SICAF"),

Registered office: 25C Boulevard Royal, L-2449 Luxembourg

RCS Luxembourg: B108461

Change of Investment Strategy

On 14 October 2011, an Extraordinary General Meeting ("EGM") of the Company's shareholders was held to approve a proposed new investment objective and policy which would realise the existing property portfolio owned by the Group and return capital to shareholders. This resolution was approved by shareholders subject to approval by the Commission de Surveillance du Secteur Financier ("CSSF").

The Company has now concluded discussions with the CSSF, and the CSSF has acknowledged the resolution passed at the EGM. The Company may now pursue a structured realisation of its assets in line with the resolution approved by Company's shareholders at the EGM on 14 October 2011, as an investment strategy under the Company's original investment policy.

The investment restrictions contained in the Company's prospectus dated 16 November 2009 will not apply to the extent that such restrictions are inconsistent with the Company's new investment strategy.

For further information, please contact:

Internos Real Investors

Ludovic Bernard +44 20 7355 8800

Citco REIF Services (Luxembourg) SA

Marta Kozinska +352 47 23 23 267

Hudson Sandler

Michael Sandler +44 20 7796 4133