Acquisition

UK Commercial Property Trust Ltd
14 December 2006


RNS Announcement

UK Commercial Property Trust Limited

14 December 2006

Potential equity raising and acquisition of a property portfolio


The Board of the Company announces that it is in early discussions regarding a
potential acquisition of a portfolio of properties that is significant relative
to the size of the Company. The potential portfolio is similar in nature to the
Company's existing portfolio of properties. It is intended that, if the
acquisition proceeds, it will be funded by the issue of further ordinary shares
at a small premium to the net asset value per share as at 31 December 2006. It
is further intended that the acquisition will not be dilutive to existing
shareholders, after taking into account both the costs of raising further equity
and the costs of acquiring the property portfolio. The acquisition will be
subject to shareholder approval.

The Company's advisers will shortly be identifying demand for a placing of the
new ordinary shares. It is expected that a further announcement will be made by
the Company early in the New Year. A circular convening an extraordinary general
meeting and a prospectus containing details of the placing and the property
portfolio will be published thereafter.

The Board are also pleased to note that the Company will be admitted to the FTSE
250 with effect from 18 December 2006.

Enquiries:

Nigel Russell
Graeme Caton
Graham Reaves
G&N Collective Funds Services Limited
0131 226 4411



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