Compliance with Model Code

TO: RNS

FROM: F&C UK Real Estate Investments Limited

DATE: 9 January 2014

Compliance with the Model Code

In accordance with Listing Rule 15.5.1 (4), F&C UK Real Estate Investments Limited ("the Company"), announces that it is satisfied that all inside information which the Directors and the Company may have to 9 January 2014 has previously been notified via a regulatory information service and, therefore, the dealings referred to in LR 15.5.1 (3) during the period until the publication of the Company's interim results for the period ended 31 December 2013 are permitted.

All enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745001

Fax: 01481 745051