SCHRODER GLOBAL REAL ESTATE SECURITIES LIMITED - Results of Second EGM

11 May 2016

SCHRODER GLOBAL REAL ESTATE SECURITIES LIMITED (IN VOLUNTARY LIQUIDATION)

RESULTS OF SECOND GENERAL MEETING AND RESIDUAL NET ASSET VALUE PER SHARE

Further to the proposals for its reconstruction and voluntary winding up, the Company announces that the resolutions put forward at the Second General Meeting of the Company, held today, have been approved by Shareholders. Patrick Joseph Brazzill and Stuart Gardner of Ernst & Young LLP, Royal Chambers, St Julian’s Avenue, St.Peter Port, Guernsey, GY1 4AF have been appointed liquidators of the Company. The Scheme has become effective. A copy of the resolutions from the Meeting are available on the National Storage Mechanism at www.morningstar.co.uk/uk/nsm.

The Residual Net Asset Value per Share (being the net asset value per Share minus the Retention and after providing for the liabilities to be discharged out of the Voluntary Winding Up Pool) calculated at the close of business on 10 May 2016 in accordance with the Scheme was 140.94 pence. Shareholders who have elected to receive cash will receive £1.4094 for every Share held.

In accordance with the Scheme, the assets comprising the Rollover Pools are being revalued, in the case of the SUTL GPS Rollover Pool by the SUTL Custodian as at 12.00 noon today and in the case of the SISF GPS Rollover Pool by the SISF Custodian as at 3.00 p.m. today. The issue price for the SUTL GPS Units and the SISF GPS Shares should also be known later today. Accordingly an announcement will be made tomorrow confirming the ratio per Share of the SUTL GPS Units and SISF GPS Shares which will be issued to Shareholders who have elected to receive SUTL GPS Units and SISF GPS Shares respectively.

The Company has requested the cancellation of the listing of the ordinary shares on the Official List; this cancellation is expected to take effect at 8.00 a.m. on 8 June 2016.

Defined terms used in this announcement have the meanings given in the circular published by the Company on 3 March 2016 unless the context otherwise requires.

Enquiries:

Neil Turner
Schroder Real Estate Investment Management Limited
Tel :           [phone] or [phone]

Franczeska Hanford
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel:            [phone]

Paul Fincham or Jonathan Becher
Panmure Gordon
Tel :           [phone]

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