Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

F&C UK Real Estate Investments Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

F&C Asset Management plc

4. Full name of shareholder(s) (if different from 3.):

See Box 9 below

5. Date of the transaction and date on which the threshold is crossed or reached:

19 November 2013

6. Date on which issuer notified:

20 November 2013

7. Threshold(s) that is/are crossed or reached:

17%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B012T521

36,221,948

36,221,948

35,721,948

35,721,948

16.77%

 Ordinary 1p

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

35,721,948

16.77%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of proxy holder:

F&C Asset Management plc

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Calculations based on TVR 213,050,491 as at 4th October 2013

14 Contact name:

Vik Sharma, F&C Asset Management Plc

15. Contact telephone name:

0131 718 1094

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

F&C UK Real Estate Investment Limited

Contact address

(registered office for legal entities)

F&C UK Real Estate Investments Limited,

Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands GY1 3QL

Phone number & email

Tel : 0131 718 1073 (Scott Macrae)

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Vik Sharma, F&C Asset Management Plc

Contact address

80 George Street, Edinburgh EH2 3BU

Phone number & email

0131 718 1094

Edinclient.services@fandc.com

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information