Schroder Eur Real Est Inv Trust PLC Notice of dividend currency exchange rate- SA RAND (4573V)

TIDMSERE

RNS Number : 4573V

Schroder Eur Real Est Inv Trust PLC

13 December 2021

Schroder European Real Estate Investment Trust PLC

(Incorporated in England and Wales)

Registration number: 09382477

JSE Share Code: SCD

LSE Ticker: SERE

ISIN number: GB00BY7R8K77

13 December 2021

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 7 December 2021, Schroder European Real Estate Investment Trust plc (the "Company") announced its fourth interim dividend for the year ending 30 September 2021 of 1.85 euro cents per share and a special dividend of 4.75 euro cents per share, resulting in a combined interim dividend of 6.6 euro cents per share.

The currency exchange rate applicable for the combined interim dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on 13 December 2021 and is set out below:

 
                      Euro cents   Exchange rate   G ross Dividend     N et Dividend 
                       per share                    in South African    in South 
                                                    cents per           African 
                                                    share               cents per 
                                                                        share 
 D eclared 
  fourth interim 
  dividend            1.85         17.97000        33.24450            26.59560 
                     -----------  --------------  ------------------  -------------- 
 D eclared 
  special dividend    4.75         17.97000        85.35750            68.28600 
                     -----------  --------------  ------------------  -------------- 
 

Dividend tax will be withheld from the amount of the gross dividend of 118.60200. South African cents per share paid to shareholders on the South African register at the rate of 20 per cent unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend will be 94.88160 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:

Jeff O'Dwyer

   Schroder Real Estate Investment Management Limited                Tel: [phone] 

Benjamin Hanley

   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 - Private Bag X9000

Saxonwold, 2132.

Telephone [phone]

Facsimile [phone]

Email enquiries: [e-mail]

JSE Sponsor:

PSG Capital

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December 13, 2021 07:29 ET (12:29 GMT)