Extension of Standstill Agreement

11 September 2015

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

EXTENSION OF STANDSTILL AGREEMENT

Following the Company's announcements on 29 June, 13 July, 20 July, 28 July, 11 August, 18 August, 25 August, 3 September and 11 September, and in relation to certain ongoing events of Default with regard to the Mezzanine Loan Facility provided by Blackstone Real Estate Debt Securities, the Company can now report that the Standstill letter has been extended for an additional period to 13 September 2015.

For further information, please contact:Ludovic Bernard

Internos Global Investors 020 7355 8800