Director Shareholding

TO: RNS

FROM: Schroder Real Estate Investment Trust Limited

DATE: 28th April 2014

Director Shareholding

Pursuant to Listing Rule DTR3.1, Schroder Real Estate Investment Trust Limited announces that the following beneficial holding of ordinary shares was acquired by David John Warr on the 24th April 2014.

70,000 ordinary shares at 50.25p representing 0.0148% of the Company's issued share capital. Mr Warr is the beneficial holder of a total of 220,000 ordinary shares representing 0.0467% of the Company's issued share capital.

-ENDS-

All enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court

Les Banques

St Peter Port Guernsey

GY1 3QL

David Sauvarin

Tel: 01481 745529

Fax: 01481 745051