Annual Financial Report

1 July 2016

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

ANNUAL REPORT AND FINANCIAL STATEMENTS

Further to the Company's annual results announcement, dated 17 June 2016, the directors of ART confirm that the annual report and financial statements of the Company for the year ended 31 March 2016 have been published today on the Company's website: www.alpharealtrustlimited.com.

For further information please contact:

Alpha Real Trust Limited

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

Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0)20 7391 4700

Panmure Gordon, Broker to the Company

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