NAV and Interim Dividend

Invista Foundation Property Tst Ltd
31 October 2007


                                31 October 2007


           Invista Foundation Property Trust Limited (the "Company")


                    ANNOUNCEMENT OF NAV AND INTERIM DIVIDEND


Invista Foundation Property Trust Limited today announces a Net Asset Value
('NAV') of 137.3 pence per share as at 30 September 2007 and an interim dividend
of 1.6875 pence per share in respect of the period 1 July 2007 to 30 September
2007. The dividend payment will be made on 30 November 2007 to shareholders on
the register on 9 November 2007. The ex-dividend date will be on 7 November
2007.

The Company's NAV of 137.3 pence per share reflects a decline of 11.59 pence per
share or 7.78% over the quarter. The NAV performance over the quarter contrasts
with the strong uplift of 6.69 pence per share or 4.7% over the previous quarter
to June and 4.37 pence per share or 3.29% uplift over the twelve months to
September. The total NAV return for shareholders over the twelve months to 30
September 2007 is approximately 8.6%.

The fall in NAV over the quarter reflects the widely reported slowdown in the UK
commercial property market and uncertainty in global financial markets. The key
factors in the fall in NAV over the quarter are:

•    A 2.37% fall in the like-for-like valuation of the Company's wholly owned 
     portfolio, equating to £14.96 million or 4.2 pence per share

•    A downwards adjustment in the mark-to-market valuation of the Company's 
     interest rate swap from £10.14 million to £1.73 million, a fall of £8.41 or 
     2.4 pence per share

•    A 14% fall in the like-for-like valuation of the Company's three joint 
     venture investments, equating to £9.3 million or 2.6 pence per share. The
     main contributor to the fall was Plantation Place, London EC3 where the NAV 
     fell by £8.2 million, of which £3.7 million related to a fall in the 
     mark-to-market value of the interest rate swap in place for the separate, 
     non-recourse financing

•    The disposal of Company's stake in MidCity Place, London WC1 realising net 
     proceeds of £21.5 million. This brings the total proceeds realised on the 
     Company's original investment of £9.8 million to £30 million.

In contrast with the fall in capital values, however, the Company is pleased to
report that ongoing good progress is being made with key asset management
initiatives across the portfolio as the Company pursues a more income oriented
strategy. The disposal of MidCity Place is a good example of this strategy,
crystallising strong performance and reducing the Company's off-balance sheet
borrowings by £42.4 million.

The Company currently has available cash of approximately £75 million, providing
it with significant financial and operational flexibility in more challenging
market conditions.

As noted previously the Board continues to review the level of the share price
relative to NAV and will consider share buy-backs if the investment return to
the Company from buying shares is attractive relative to other investment
opportunities.

Duncan Owen, Chief Executive, Invista Real Estate Investment Management,
commented:

"The UK commercial property market has experienced a significant downward
adjustment in capital values over the last few months which has been reflected
in the Company's valuation for this quarter. Against these more challenging
market conditions, we have taken active steps to pursue a more defensive, income
oriented strategy, including moves to increase the Company's rental income and
reduce borrowings.

"Our Central London offices continue to generate above average rental growth
with several significant rent reviews over the next 12 months. A 3% fall in the
underlying valuation of Plantation Place has impacted negatively but the high
building quality is resulting in above average rental growth with key rent
reviews in early 2009.

"In contrast to the investment market, the occupier market remains strong with
limited tenant delinquencies and low vacancies. The Company's portfolio offers
significant income upside through the successful implementation of key asset
management projects. This active approach will be critical to future
performance. A further more detailed analysis of the performance and prospects
for the underlying property portfolio will be contained in the Interim Report
and Accounts that will be issued at the end of November."


                                     -ENDS-


For further information:

+-----------------------------------------------+-----------------------+
|Invista Real Estate Investment Management      |020 7153 9300          |
|Duncan Owen                                    |                       |
|                                               |                       |
+-----------------------------------------------+-----------------------+
|Northern Trust                                 |01481 745529           |
|David Sauvarin                                 |                       |
|                                               |                       |
+-----------------------------------------------+-----------------------+
|Financial Dynamics                             |020 7831 3113          |
|Stephanie Highett / Dido Laurimore             |                       |
|                                               |                       |
+-----------------------------------------------+-----------------------+



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