Over-Amortization of Debt

26 July 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 €11.9 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 will enable the Company to benefit from a reduction in the interest rate margin by 25 basis points 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.