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 of existing shares to which voting rights are attached: ii				F&C UK Real Estate Investments Limited
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	CHANGE IN NATURE  :  RETURN OF LOANED SHARES				X
3. Full name of person(s) subject to the notification obligation: iii		Aviva plc & its subsidiaries
4. Full name of shareholder(s)  (if different from 3.):iv		Registered Holder: Available on Request                                        111,012* BNY Norwich Union Nominees Limited           67,119*                                                               Chase (GA Group) Nominees Limited             142,116* HSBC Global Custody Nominee (UK) Limited                                                                      18,599,695* State Street Nominees Limited                            270,789*                                                              *denotes direct interest   Chase Nominees Limited                                  51,532 Vidacos Nominees Limited                               87,232
5. Date of the transaction and date on which the threshold is crossed or reached: v		23 January 2017
6. Date on which issuer notified:		24 January 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		7% to 8% Change at Direct Interest Level (Box 8A)

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction				Resulting situation after the triggering transaction
	Number of Shares		Number of Voting Rights		Number of shares		Number of voting rights		% of  voting rights x
					Direct		Direct xi	Indirect xii	Direct		Indirect
Ordinary Shares GB00B012T521	19,929,459*		19,929,459*		19,329,495		19,190,731	138,764	8.01%		0.06%
*  Includes Right to recall loaned shares (648,000)
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date xiii		Exercise/ Conversion Period xiv		Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
RIGHT TO RECALL LOANED SHARES		N/A		N/A		599,964* *Direct interest				0.25%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date xvii	Exercise/ Conversion period xviii	Number of voting rights instrument refers to	% of voting rights xix, xx
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
19,929,459	8.32%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The voting rights are managed and controlled by Aviva Investors Global Services Limited and Friends Provident International Limited, with the following chain of controlled undertakings:- Aviva Investors Global Services Limited: Friends Provident International Limited:
Proxy Voting:
10. Name of the proxy holder:		See Section 4
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Figures are based on a total number of voting rights of 239,555,539 as per the Company’s ‘Share Issue’ announcement of 20 January 2017.
14. Contact name:	Neil Whittaker, Aviva plc
15. Contact telephone number:	01603 684420