Debt Reduction

11 October 2013

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

Invista European real estate trust over-amortizes debt

Debt Reduction

The Company announces that it has used €1.9 million from its existing cash balances to make a further repayment of the senior debt facility, thereby reducing the Loan to Value ("LTV"), as defined in the bank facility agreement, to below 70%. This payment follows the September valuation of the Company's property assets, which resulted in a decline in the portfolio's value by 2.09% to €325.55 million. The over-amortization will enable the Company to benefit from a continuation of the current interest rate margin while meeting the debt LTV covenants currently set at 70% LTV.

The Company will continue to review the strategic use of cash with reference to its investment objectives.