IMPT.L Regulatory News (IMPT)

1 July 2013

ALPHA UK MULTI PROPERTY TRUST PLC (the "Company")

Redemption of the Convertible Unsecured Loan Stock ("CULS") and new unsecured loan provided by Alpha Real Trust Limited

In accordance with the Subscription Agreement with Alpha Real Trust Limited of 13 July 2010, the Company has redeemed all the outstanding CULS (together with any CULS issued in satisfaction of interest payments) on the Redemption Date of 30 June 2013 in full at par plus the payment of the premium of 18 per cent. This redemption amount was £6.42 million.

The Preference Shares stapled to the CULS have automatically been redeemed and the associated Options have expired without being exercised.

The Company announces today that it has entered into an agreement ("Loan Facility Agreement") in which Alpha Real Trust Limited will provide an unsecured loan ("Loan") to the Company for £6.42 million. The proceeds of the Loan will be applied to finance the redemption of the CULS. The Company has received guidance from its sponsor that the transaction is on normal commercial terms.

The term of the Loan Facility Agreement is six months to 31 December 2013, which is extendable by five years to 31 December 2018 by the consent of both the Company and Alpha Real Trust Limited. The Company may voluntarily prepay the loan at any time by giving 5 days notice. The coupon of the Loan is 15% per annum compounded quarterly.

Discussions with Bank of Scotland, Nationwide and alternative banks and providers of capital are continuing in order to pursue a further extension to, or refinancing of, the existing mortgage facilities relating to the Company's subsidiaries: CHIP (One) Limited; CHIP (Two) Limited; CHIP (Three) Limited; CHIP (Four) Limited; and CHIP (Five) Limited.

Further information will be provided in due course.

Contact:

Jonathan Clague

Chairman, Alpha UK Multi Property Trust Plc

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

020 7268 0300