Transaction in Own Shares

Schroder Real Estate Investment Trust Limited

LEI Number: 549300ZIJJTMTIIQJP67

(The “Company”)

TRANSACTION IN OWN SHARES

Schroder Real Estate Investment Trust Limited (the Company) announces today it has purchased the following number of its ordinary shares of no par value each on the London Stock Exchange through J.P. Morgan Securities plc

Ordinary Shares:    SCHRODER REAL ESTATE INVESTMENT TRUST

Date of purchase:   24 September 2020

Number of ordinary shares purchased:  381,523 shares

Lowest price per share  0.3110

Highest price per share  0.31425

Trading venue  London

Number of ordinary shares purchased:         120,000  shares

Lowest price per share:  0.3140

Highest price per share:  0.3140

Trading venue:      London

Aggregate volume per date per trading venue:      501,523 shares

Weighted average price per day per trading venue:  0.312444

The Company intends to hold the purchased shares in treasury.

Following the above transaction, the Company holds 52,864,357 of its ordinary shares in treasury and has 512,800,392 ordinary shares in issue (excluding treasury shares).

This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

For further information:

Schroder Real Estate Investment Management Limited: Duncan Owen / Nick Montgomery / Frank Sanderson	020 7658 6000
J.P. Morgan Cazenove William Simmonds / Jeremie Birnbaum	020 7742 4000
Northern Trust: Jingjing Qi	01481 745529
FTI Consulting: Dido Laurimore / Richard Gotla / Meth Tanyanyiwa	020 3727 1000