RNS Number : 7925L Schroder Real Estate Inv Trst Ld 10 July 2026  

Schroder Real Estate Investment Trust Limited

(the "Company")

BOARD CHANGES

Chair of the Company

As disclosed in the Annual Report and Financial Statements for the year ended 31 March 2026,  Alastair Hughes will not stand for re-election at the Annual General Meeting ("AGM") on 22 September 2026 and will retire from the Board, having served nine years.

Following a thorough Chair succession planning process led by the Company's independent Non-Executive Directors, Alexandra Innes and Sanjay Patel, together with an external search firm, Priscilla Davies, who is currently the Company's Senior Independent Director, will be appointed Chair on Alastair's departure. Alexandra Innes will become the Company's Senior Independent Director.

Alastair Hughes, Chairman of the Company, commented:

"We have put considerable thought into orderly Board succession planning in line with best practice. I am looking forward to leading the Company until September 2026, and I have no doubt that Priscilla's expertise and knowledge of the Company will ensure her success in the role."

Priscilla Davies, Senior Independent Director, added:

"I am very much looking forward to taking on the role of Chair of the Company. On behalf of the Board and Schroders as Manager, I would like to express our thanks to Alastair for his invaluable contribution over the last nine years."

Appointment of a Non-Executive Director

The Company is pleased to announce the appointment of Mr Richard Dakin as an Independent Non-Executive Director of the Company, with immediate effect. Richard will become a member of the Audit Committee, the Management Engagement Committee, and the Nomination Committee.

Richard is an experienced non-executive director at listed real estate companies, including Berkeley Group plc and previously Derwent London plc. Richard has had a long and distinguished career in real estate, banking and capital markets through his executive roles, most recently as Head of CBRE's European investment banking and debt and structured finance business and, prior to that, as Managing Director and Head of the Real Estate business support unit at Lloyds Banking Group.

Richard Dakin commented:

"I am delighted to be joining the Board and look forward to working together to achieve the best possible results for all our shareholders."

Committee Chair roles

Following the conclusion of the AGM on 22 September 2026, the composition of the Company's committee chair roles will be as follows:

Committee

Chair

Audit Committee

Sanjay Patel

Management Engagement Committee

Richard Dakin

Nomination Committee

Priscilla Davies

Committee terms of reference are available from the Company's website, or on request from the Company Secretary.

Enquiries

Schroder Real Estate Investment Management Limited

Nick Montgomery / Bradley Biggins

020 7658 6000

Schroder Investment Management Limited (Company Secretary)

Katherine Fyfe

020 7658 6000

FTI Consulting

Richard Gotla / Oliver Parsons

020 3727 1000

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