Extension of Debt Maturity

Invista European Real Estate Trust SICAF ("IERET" or the "Company")

Extension of Debt Maturity

23 December 2013

The Board of IERET and its advisors are pleased to announce that a short term extension to the maturity date of IERET's outstanding loan facility (the "Loan") has been agreed with Bank of Scotland PLC ("BoS"), to 30 April 2014.

As announced in the Company's RNS dated 02 December 2013, BoS has agreed to sell the Loan as a part of a larger loan portfolio sale to Promontoria Holding 89 BV, an affiliate of Cerberus Institutional Partners V L.P. In the light of this transaction, BoS offered to grant IERET a short term extension to the Loan's maturity to 30 April 2014, in order to provide IERET with more time to explore different solutions with the new owner of the loan, on the condition that IERET consented to a relaxation in the terms of the Loan's transferability.

The Company has now accepted this proposal, and consequently has entered into discussions with the new owners of the Loan and will be engaging with them actively in order to achieve the best possible outcome for shareholders in advance of the extended maturity date of the Loan.

For further information, please contact:

Ludovic Bernard

Internos Global Investors

+44 20 7355 8800

Jorrit Crompvoets

Citco REIF Services (Luxembourg) S.A.

+352 47 23 23 212