Director Declaration

Investors in Global Real Estate Limited (the "Company" or "IGRE") (a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 44714) Director Declaration 12 August 2014 In compliance with Listing Rule 9.6.14, the Company announces that Mr CrispianCollins, Chairman, has informed the Company that with effect from 1 July 2014,he retired as the chairman of European Real Estate Investment Trust Limited, acompany that has a premium listing segment of the Official List and traded onthe main market for listed securities of the London Stock Exchange. Enquiries: Company website: www.igre.co.uk Andrew MaidenNorthern Trust International Fund Administration Services (Guernsey) LimitedTel: +44 (0) 1481 745368Email: [email protected]