Purchase of Property

To: RNS

From: F&C UK Real Estate Investments Limited

Date: 12 May 2014

F&C UK Real Estate Investments Limited ('FCRE')

Purchase of Brook Retail Park, Bromsgrove

On 2 May 2014, IPT Property Holdings Limited, a subsidiary of FCRE, purchased a retail warehouse park in Bromsgrove for £7.55 million, at an initial yield of 6.2 per cent. Unit 1 is let to Homebase Ltd for 20 years at £362,500 per annum and Unit 2 is let to Pets at Home Ltd for 15 years at £132,750 per annum.

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

Ian McBryde

Scott Macrae

F&C Investment Business Ltd

Tel: 0207 628 8000

Fax: 0131 225 2375