Update on Loan Facilities

1 August 2013

ALPHA UK MULTI PROPERTY TRUST PLC

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

UPDATE ON LOAN FACILITIES WITH BANK OF SCOTLAND

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

The loan facility with an outstanding balance of £48.0 million as at 31 July 2013 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 July 2013, following an extension period granted from 30 April 2013. At the current time, discussions are continuing with Bank of Scotland 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 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

+44 (0) 20 7268 0300

.