Change of Name of Manager

8 December 2014 Schroder Real Estate Investment Trust Limited (the `Company') CHANGE OF NAME OF MANAGER The Directors of Schroder Real Estate Investment Trust Limited (the "Company")announce that with effect from 24 November 2014 Schroder Property InvestmentManagement Limited ("SPRIM"), the Alternative Investment Fund Manager to theCompany, changed its name to Schroder Real Estate Investment Management Limited("Schroder REIM"). The terms of the Management Agreement between the Companyand Schroder REIM remain unchanged. For further information: Schroder Real Estate Investment Management 020 7658 6000Limited:Duncan Owen / Nick Montgomery Northern Trust: 01481 745529David Sauvarin FTI Consulting: 020 3727 1000Dido Laurimore / Ellie Sweeney