Alpha Real Regulatory News (ARTL)

22 January 2013

ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE "COMPANY")

BLOCKLISTING APPLICATION

The Company announces that an application has been made to the London Stock Exchange Plc for 23,914,323 ordinary shares of no par value to be admitted to trading on the Specialist Funds Market ("SFM") under a blocklisting facility.

This facility is available to enable class A shares in the Company issued as consideration for the acquisition of certain assets of Property Investment Portfolio Plc as announced on 19 October 2012 to be converted into ordinary shares in accordance with the rights attaching to those shares as set out in the Company's articles of incorporation.

The total voting rights in the Company remains 73,893,855 and this will not change as a result of the conversion of any class A shares into ordinary shares and/or the admission of such ordinary shares to trading on the SFM because they already carry voting rights.

The total voting rights figure (73,893,855) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Alpha Real Trust under the FSA's Disclosure and Transparency Rules.

For further information please contact:

Alpha Real Trust Limited

David Jeffreys, Chairman, Alpha Real +44 (0) 1481 231 100

Brad Bauman, Joint Fund Manager, Alpha Real +44 (0) 20 7268 0300

Panmure Gordon, Broker to the Company

Richard Gray / Andrew Potts +44 (0) 20 7886 2500

About the Company

The Company is a closed-ended investment company incorporated in Guernsey that targets investment and development opportunities in real estate, including real estate operating companies, securities, services and other related businesses that offer high total returns.

Further information on the Company can be found on the Company's website: www.alpharealtrustlimited.com.