BREI.L Regulatory News (BREI)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

F&C UK Real Estate Investments Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Disclosure of revised position following the sale of Scottish Widows Investment Partnership Limited to Aberdeen Asset Management PLC on 31 March 2014

X

3. Full name of person(s) subject to thenotification obligation: iii

Lloyds Banking Group plc

4. Full name of shareholder(s)  (if different from 3.):iv

See Section 9

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

31 March 2014

6. Date on which issuer notified:

2 April 2014

7. Threshold(s) that is/are crossed orreached: vi, vii

Indirect holdings decreased to below 1%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord 1p shares

12,289,963

12,289,963

N/A - below reportable threshold

GB00B012T521

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

N/A - below reportable threshold

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

N/A - below reportable threshold

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

Notification using the Total Voting Rights figure of 213,050,491

14. Contact name:

Andrew Kellett

15. Contact telephone number:

0113 235 7729