Transaction in Own Shares

31 July 2012

INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")

Invista European real estate trust Transaction in Own Preference shares

Purchase of own preference shares

The Board of Invista European Real Estate Trust SICAF (the "Company") announces that on 30 July 2012, the Company purchased 180,000 of its own preference shares at a price of 95p per share. These preference shares will be held in treasury.The purchase represents 0.62% of the Company's total outstanding preference shares in issue. Following the purchase of these preference shares, the Company will have 29,137,134 preference shares in issue of which 715,000 will be held in treasury. The preference shares of the Company do not carry voting rights at general meetings of the Company except under certain circumstances.

Ludovic Bernard

Internos Real Investors 020 7355 8800

Michael Sandler

Hudson Sandler 020 7796 4133