Total Voting Rights as at 31st December 2020

4 January 2021

Schroder Real Estate Investment Trust Limited

LEI Number: 549300ZIJJTMTIIQJP67

(The “Company”)

Total Voting Rights

31^st December 2020

In conformity with the FCA's Disclosure Guidance and Transparency Rules (the "Rules"), the Company would like to notify the market of the following:

The Company's issued share capital consists of the following as at 31^st December 2020:

• 498,516,392 Issued Ordinary shares (excluding treasury shares)

• 67,148,357 Ordinary shares held in treasury

• 565,664,749 Issued Ordinary shares (including treasury shares)

The total number of voting rights in the Company is therefore 498,516,392.

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.

All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel:  [phone]