Notice of Dividend Currency Exchange Rate

RNS Number : 1885H

Schroder Eur Real Est Inv Trust PLC

15 August 2016

 

15 August 2016

NOTICE OF DIVIDEND CURRENCY EXHANGE RATE (SOUTH AFRICAN RAND)

On 29 July 2016, Schroder European Real Estate Investment Trust plc (the "Company") announced its maiden interim dividend for the period to 30 June 2016 of 0.8 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 15 August 2016 and is set out below:

Dividend 0.8 euro cents per share	Exchange rate	Dividend in South African cents per share
South African cents	14.85406	11.88325

Dividend tax will be withheld from the amount of the gross dividend of 11.88325 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 10.10076 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

70 Marshall Street

Johannesburg 2001

Postal Address - PO Box 61051

Marshalltown 2107

Telephone [phone]

Facsimile [phone]

Email enquiries: [e-mail]

 

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