1 December 2015

Completing sale of the retail property in Kaiserslautern, Germany

Further to the announcement on 2 October 2015, the Board of European Real Estate Investment Trust ('the Group') is pleased to announce that the sale of Kaiserslautern has completed on 1 December 2015 at a price of € 24.0 million.

For further information, please contact:

Praxis Fund Services Limited

Shona Darling Phone: +44(0) 1481 755528

Cenkos Securities plc

Dion Di Miceli Phone: +44 (0) 20 7397 1921

Schroder Property Investment Management Ltd

Duncan Owen / Tony Smedley Phone: +44(0) 20 7658 6000

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