Update on Loan Facilities, CHIP (Two) Limited

2 September 2013

ALPHA UK MULTI PROPERTY TRUST PLC (the "Company")

Update on Loan Facilities, CHIP (Two) Limited

The loan facility with an outstanding balance of £8.6 million as at 30 August 2013 provided by Nationwide in respect of the Company's wholly owned subsidiary, CHIP (Two) Limited, expired on 30 August 2013, following an extension period granted from 13 June 2013. At the current time, discussions are continuing with Nationwide but no formal extension to the term of the loan facility has been approved. We shall provide a further update in due course.

Discussions with Nationwide 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

+44 (0) 20 7268 0300