Director Declaration

Invista European Real Estate Trust SICAF (the "Company")

Directors Declaration

16 October 2014

In compliance with Listing Rule 9.6.14, the Company announces that Mr William Scott, a non-executive Director, has informed the Company that Pershing Square Holdings Limited, a company of which he is a non-executive director, listed on the Euronext Amsterdam Stock Exchange on 13 October 2014.