Change of Sponsor

SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED ("the Issuer")

NOTIFICATION OF CHANGE IN SPONSOR

In conformity with the provisions of the Listing Rules of the Channel Islands Stock Exchange ("the CISX"), the Board of Directors of the Issuer wishes to announce that, with effect from 7am, Monday 01 October 2012 the Issuer's CISX Sponsor will change from:

Mourant Ozannes Securities Limited

PO Box 186

1 Le Marchant Street

St Peter Port

Guernsey

GY1 4HP

to:

Northern Trust International Fund Administration Services (Guernsey) Limited

PO Box 255

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

01481 745001