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Update on Loan Facilities

15 Mar 2013 07:00

RNS Number : 0636A

Alpha UK Multi Property Trust PLC

15 March 2013

ALPHA UK MULTI PROPERTY TRUST PLC

(the "Company" or together with its subsidiaries the "Group")

UPDATE ON LOAN FACILITIES

CHIP (Two) Limited

The loan facility of £8.65 million provided by Nationwide Building Society in respect of the Company's wholly owned subsidiary, CHIP (Two) Limited was due to expire on 31 March 2013.

The Company announces today that CHIP (Two) Limited has agreed with Nationwide Building Society to amend the loan facility agreement such that the term of the facility is extended to 31 May 2013.

The facility is non-recourse to the Company.

Discussions with Nationwide Building Society and alternative banks and providers of capital are continuing in order to pursue a further extension to, or refinancing of, this loan facility.

There are no current intentions to enter into an interest rate swap or other hedging agreement.

Contact:

Jonathan Clague

Chairman, Alpha UK Multi Property Trust Plc

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

+44 (0) 20 7268 0300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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