Directorate Change

To: Company Announcements

Date: 18 April 2013

Company: F&C UK Real Estate Investments Limited

Subject: Directorate Change

The Board is pleased to announce the appointment of Messrs Graham Harrison, Vikram Lall and Michael Soames as non-executive Directors of the Company with effect from 11th April 2013.

The following information is provided in accordance with the Listing Rules under section 9.6.13

Graham Harrison is a resident of Guernsey. He is co-founder and managing director of Asset Risk Consultants Limited, an investment consulting practice. He is a non-executive director of a number of investment and asset management companies including Absolute Return Trust Limited and ISIS Property Trust Limted which are publicly listed Companies.

Vikram Lall is a UK resident. He is a qualified chartered accountant and was, until 2003, an executive director of Brewin Dolphin Holdings plc with responsibility for corporate finance. Prior to joining Brewin Dolphin, he worked as a corporate financier for many years. He is a non-executive director of a number of companies including Elephant Capital PLC which is a publicly listed Company.

In the previous five years he has also been a director of various companies including ISIS Property Trust Limited, Corsie Group PLC and Crown Place VCT PLC which were publicly listed Companies.

Michael Soames is a UK resident. He is a qualified chartered surveyor and worked for Knight Frank, chartered surveyors, for 29 years. He was appointed as a partner of Knight Frank in 1981 and was appointed to the executive and divisional boards of Knight Frank in 1995. He was appointed as global corporate development director of Regus plc from 2001 to 2003 and was surveyor to The Mercers' Company from 2003 to 2008.

In the previous five years he has been a director of ISIS Property Trust Limited and Development Securities PLC which are publicly listed Companies.

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

Ian McBryde

Scott Macrae

F&C Investment Business Ltd

Tel: 0207 628 8000

Fax: 0131 225 2375