Alpha Real Regulatory News (ARTL)

22 April 2013

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

share buyback announcement

Alpha Real Trust announces that it has entered into an irrevocable and non-discretionary arrangement with its broker, Panmure Gordon (UK) Limited, to repurchase on its behalf and within certain pre-set parameters, ordinary shares in the Company during the Company's close period commencing on 22 April 2013 and ending on 20 June 2013. This arrangement is in accordance with the Company's share buyback authority and the Takeover Panel Waiver that were approved by shareholders at the Company's extraordinary general meeting on 7 March 2013.

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

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