Banking update

12 August 2013

ALPHA UK MULTI PROPERTY TRUST PLC

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

UPDATE ON LOAN FACILITIES WITH BANK OF SCOTLAND

CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited

As announced on 1 August 2013, the loan facility with an outstanding balance of £48.0 million as at 31 July 2013 provided by Bank of Scotland in respect of the Company's wholly owned subsidiaries, CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited expired on 31 July 2013, following an extension period granted from 31 January 2013. The Company can confirm that a formal extension of the term of the loan facility, with Bank of Scotland, has been agreed to 30 November 2013. This facility extension is subject to certain additional conditions that the Company must undertake regarding capital raising. A further update regarding capital raising will be provided in due course.

Discussions with Bank of Scotland and alternative banks and providers of capital are continuing in

order to pursue a refinancing of this loan facility.

The facility is non-recourse to the Company.

There is currently no interest rate swap connected to this loan facility and there is no current intention to enter into a further swap agreement.

Contact:

Jonathan Clague

Chairman, Alpha UK Multi Property Trust Plc

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

+44 (0) 20 7268 0300

.