Half-year Report

2 December 2016

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

HALF YEAR REPORT AND FINANCIAL STATEMENTS

Further to the Company's half year results announcement, dated 18 November 2016, the directors of ART confirm that the half year report and financial statements of the Company for the six months ended 30 September 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 Limited +44 (0) 1481 231 100

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

Panmure Gordon, Broker to the Company

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