Holding(s) in Company

For filings with the FCA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                        F&C UK Real   
of existing shares to which voting rights are                               Estate      
attached:ii                                                               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                                Schroders plc   
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                         11.03.15      
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                         12.03.15      
                                                                                        
7. Threshold(s) that is/are crossed or                                    Below 5%      
reached: vi, vii                                                                        


8. Notified details:                                                                                             
                                                                                                                 
A: Voting rights attached to shares viii, ix                                                                     
                                                                                                                 
Class/type   Situation previous                   Resulting situation after the triggering transaction           
of           to the triggering                                                                                   
shares       transaction                                                                                         
                                                                                                                 
                                                                                                                 
if possible  Number                 Number        Number     Number of voting        % of  voting rights         
using        of                     of            of shares  rights                  x                           
the ISIN     Shares                 Voting                                                                       
CODE                                Rights                                                                       
                                                  Direct     Direct xi Indirect xii  Direct       Indirect       
  Ordinary                                                                                                       
                                                                                                                 
GB00B012T521       12,210,178        12,210,178   11,335,586    N/A     11,335,586     N/A          4.847%       
                                                                                                                 
                                                                                                                 
                                                                                                                 
                                                                                                                 
B: Qualifying Financial Instruments                                                                              
                                                                                                                 
Resulting situation after the triggering transaction                                                             
                                                                                                                 
Type of        Expiration            Exercise/                Number of voting                % of voting        
financial      date xiii             Conversion Period xiv    rights that may be              rights             
instrument                                                    acquired if the                                    
                                                              instrument is                                      
                                                              exercised/ converted.                              
                                                                                                                 
                                                                                                                 
                                                                                                                 
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi  
                                                                                                                 
Resulting situation after the triggering transaction                                                             
                                                                                                                 
Type of       Exercise price        Expiration  Exercise/  Number of voting rights       % of voting             
financial                           date xvii   Conversion instrument refers to          rights xix, xx          
instrument                                      period                                                           
                                                xviii                                                            
                                                                                                                 
                                                                                         Nominal     Delta       
                                                                                                                 
                              
                                                                                
Total (A+B+C)                                                                                                    
                                                                                                                 
Number of voting rights                            Percentage of voting rights                                 
                                                                                                                 
      11,335,586                                            4.847%                                
                                                                                                                 



9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Schroder Investment Management Limited                  11,284,006      4.825%

Schroder & Co. Limited                                    51,580        0.022%



Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                              The shares referred to in section 9 are held in portfolios
13. Additional information:   managed by those firms on a discretionary basis for       
                              clients under investment management agreements. This      
                              disclosure has been calculated based on issue share       
                              capital amount 233,855,539                                
                                                                                        
14. Contact name:                                    Chloe Talbot                       
                                                                                        
15. Contact telephone number:                      [phone]