Update on Loan Facilities

04 February 2013

ALPHA UK MULTI PROPERTY TRUST PLC

(the "Company" or together with its subsidiaries the "Group")

UPDATE ON LOAN FACILITIES

CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited

The loan facility of £51.2 million provided by Bank of Scotland in respect of the Company's wholly owned subsidiaries, CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited expired on 31 January 2013. At the current time, no extension to the term of the loan facility has been approved by Bank of Scotland.

Discussions with Bank of Scotland and alternative banks and providers of capital are continuing in order to pursue a further extension to, or refinancing of, this loan facility.

The facility is non-recourse to the Company.

There is currently no interest rate swap connected to this loan facility and there is no current intention to enter into a further swap agreement.

Contact

Jonathan Clague

Chairman, Alpha UK Multi Property Trust Plc

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

0207 268 0300