Net Asset Value(s)

ING UK Real Estate Income Trust Ltd
18 April 2006


ING UK Real Estate Income Trust Limited
31 March 2006 Net Asset Value

The unaudited Net Asset Value ('NAV') per share of ING UK Real Estate Income
Trust Limited as at 31 March 2006 was 110 pence. This NAV figure incorporates
the external portfolio valuation as at 31 March 2006.

The NAV attributable to Ordinary Shares is calculated under International
Financial Reporting Standard ('IFRS') but does not include an adjustment in
respect of the marked to market value of the interest rate swap. The NAV
includes current year income and is calculated after the deduction of dividends
paid prior to 31 March 2006, but does not include provision for the quarterly
dividend which is expected to be paid in May 2006.

The property portfolio will next be valued by an external valuer during June
2006 and the NAV per share as at 30 June 2006 will be issued in July 2006.

All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Ltd
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3Q1

Tel: [phone]
Fax: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange