Schroder Property Investment Management Limited 31 Gresham Street, London EC2V 7QA Tel: +44 (0)20 7658 6000 Fax: +44 (0)20 7658 3960 www.schroderproperty.com News Release Schroders appoints a new global property securities team 2nd July 2014 Schroders today announces the establishment of a new Global Property Securities (GPS) team to manage more than £1.2bn of assets under management (as at 31 March 2014) following a strategic decision to take the investment management in-house. New Team Tom Walker joins on 2 July as a fund manager from AMP Capital where he was Deputy Head of Global Listed Real Estate. Hugo Machin will join on 7 July as a fund manager from AMP Capital where he was Head of European Listed Real Estate. Ben Forster will also transfer as a fund analyst from the Schroder Property Multi-Manager team where he has worked for seven years. A further fund analyst has also been appointed who has seven years’ property securities experience and will join the team in August. The newly created GPS team will report to Neil Turner, Head of Indirect Property Investment, and will work closely with Schroders’ existing GPS specialists based in Asia and North America. The team will take on the investment management of the Schroder Global Property Securities Fund, the Schroder Global Property Income Maximiser Fund and Schroder ISF1 Global Property Securities from EII Capital Management, Inc with effect from 15 August 2014. The investment objectives of the funds remain unchanged. EII Capital Management, Inc. will continue to manage a number of other existing segregated client mandates on behalf of Schroders. Schroders has also been appointed manager of the listed trust “Investors in Global Real Estate” announced earlier today by the Company. This is the UK’s only listed investment company that has a global property securities investment strategy. Subject to shareholder approval, the Trust will change its name to Schroder Global Real Estate Securities. There will be an orderly handover from the existing manager. 1 Schroder International Selection Fund is referred to as Schroder ISF. Page 2 of 3 Duncan Owen, Head of Schroder Property, comments: “Global property securities is a strategically important market to Schroders and the establishment of this new team is a significant development for us. Investors increasingly understand the benefits of diversification and increased liquidity that can be gained by including global property securities within their property allocation. We welcome Tom and Hugo to the team and we look forward to continuing to work with our partners EII Capital Management, Inc. on existing segregated client mandates.” Christian Lange, EII Capital Management, comments: “We have enjoyed the mutually successful partnership with Schroders over the last 9 years. Both firms have grown substantially during this period and we understand the strategic decision to bring the investment management of the real estate securities funds in house. While we are sorry to lose the three Schroders house funds, we look forward to continue to manage the existing joint segregated accounts.” -ends- For further information, please contact: Beth Saint, Head of Channel PR, Schroders Tel: +44 (0)20 7658 6168 / beth.saint@schroders.com Estelle Bibby, Senior PR Manager, Schroders Tel: +44 (0)20 7658 3431 / estelle.bibby@Schroders.com Note to Editors: Biographies Tom Walker joins as a fund manager from AMP Capital where he was Deputy Head of Global Listed Real Estate. Tom is a chartered surveyor and has worked both in the UK and Asia with AMP Capital and Jones Lang LaSalle/LaSalle Investment Management. Tom has 15 years property investment experience. Hugo Machin will join as a fund manager from AMP Capital where he was Head of European Listed Real Estate. Prior to being based in London, he worked in Asia focussing on the listed property sector. He also has a direct property investment background having worked for the Wellcome Trust in the late 1990s. Hugo has 15 years property investment experience. Ben Forster, currently a fund analyst at Schroder Property, previously worked within the property multi-manager business and is a CFA Charter holder with seven years property investment experience. For trade press only. To view the latest press releases from Schroders go to: http://ir.schroders.com/media Schroder Property Schroders has managed property funds since 1971 and currently has £11.0 (€13.4 /US$18.4) billion of gross property assets under management as at 31 March 2014. Most of the property funds referred to are unauthorised collective investment schemes as defined in the Financial Services and Markets Act 2000 or other applicable law. Promotion of these funds is restricted and access to full information about these funds is only available to those exempt from the restriction on their promotion. For further information about Schroders’ property business visit www.schroderproperty.com Page 3 of 3 Schroders plc Schroders is a global asset management company with £268.0 billion (EUR324.1 billion/$446.8 billion) under management as at 31 March 2014. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. With one of the largest networks of offices of any dedicated asset management company, we operate from 37 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business. 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