Result of EGM

Schroder Real Estate Investment Trust Limited

       (a closed-ended investment company incorporated in Guernsey with
                          registration number 41959)

                               ("the Company")

                                28 April 2015

                   RESULT OF EXTRAORDINARY GENERAL MEETING

At the Extraordinary General Meeting (the "EGM") of the Company
held on 28 April 2015 at 10.00am, the following Special Resolution was passed;

Special Resolution:

That with effect from the Company entering into the REIT regime
pursuant to the terms of notice given to HM Revenue and Customs in accordance
with Part 12 of the Corporation Tax Act 2010, the articles of incorporation of
the Company produced to the meeting and initialled by the Chairman of the
meeting for the purposes of identification containing amendments required for
the purposes of the Company's entry into the REIT regime be adopted as the
Company's articles of incorporation in substitution for and to the exclusion
of all existing articles of incorporation.

Details of the proxy voting results which should be read alongside
the Notice sent to shareholders are noted below:

        For              Against             Abstain

    234,336,127          496,667            8,058,176

A copy of the Special Resolution has been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
www.hemscott.com/nsm.do

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]