DIVIDEND CURRENCY EXCHANGE RATE (SA RAND)

RNS Number : 2188T

Schroder Eur Real Est Inv Trust PLC

03 January 2017

 

3 January 2017

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 14 December 2016, Schroder European Real Estate Investment Trust plc (the "Company") announced its second interim dividend for the period to 30 September 2016 of 0.9 euro cents per share.

The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on 3 January 2017 and is set out below:

Declared dividend	Exchange rate	Dividend in South African cents per share
0.9 euro cents per share	14.28500	12.85650

Dividend tax will be withheld from the amount of the gross dividend of 12.85650 South African cents per share paid to shareholders on the South African register at the rate of 15 per cent unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend will be 10.92803 South African cents per share.

For the avoidance of doubt, dividend tax, and therefore the information provided in this announcement, is only of direct application to shareholders on the South African register.

Enquiries:

Duncan Owen/Tony Smedley

Schroder Real Estate Investment Management Limited        Tel: [phone]

Ria Vavakis

Schroder Investment Management Limited                            Tel: [phone]

Dido Laurimore                                                                       Tel: [phone]

FTI Consulting

Shareholders on the South African branch register should direct any questions regarding the application of the dividend tax to the Company's Transfer Secretary:

Computershare Investor Services (Pty) Limited

Rosebank Towers, 15 Biermann Avenue

Rosebank, 2196, South Africa

Postal Address - PO Box 61051

Marshalltown 2107

Telephone [phone]

Facsimile [phone]

Email enquiries: [e-mail]

 

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