C Share conversion

Insight Foundation Property Tst Ltd
11 August 2005


Insight Foundation Property Trust Ltd

11 August 2005

C Share conversion

It was announced on 5 August 2005 that the Calculation Time in respect of
Conversion of the C Shares of the Company was 5 August 2005.  As at that date,
the net asset value per C Share was 97.85p and the net asset value per Ordinary
Share was 104.59p.  On this basis, for the purposes of the Conversion, the
Conversion Ratio is 0.9356 Ordinary shares for every one C Share.

On the basis of the Conversion Ratio, a holder of 10,000 C Shares will receive
9,356 new Ordinary shares on Conversion.  Fractions will be rounded down to the
nearest whole share.

93,560,000 new Ordinary Shares will be created on Conversion of the C Shares
increasing the number of issued Ordinary Shares of the Company from 260,000,000
to 353,560,000.

The expected timetable to Conversion is as follows:

Record date for Conversion, C Share register closes   11 August 2005
Dealings in new Ordinary Shares commence              15 August 2005
Crediting of CREST accounts with new Ordinary Shares  15 August 2005
Share certificates in respect of new Ordinary Shares  week commencing 22 
August 2005 despatched


Enquiries:

Duncan Owen (Insight Investment Management)
Tel: [phone]

Richard Cotton / Angus Gordon Lennox (JPMorgan Cazenove)
Tel: [phone]

Stephanie Highett / Dido Laurimore (Financial Dynamics)
Tel: [phone]

END


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