Holding(s) in Company

UK Commercial Property Trust Ltd
22 September 2006


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

All relevant boxes should be completed in block capital letters.

1. Name of listed company                        2. Name of shareholder with a major
                                                    interest

UK COMMERCIAL PROPERTY TRUST LIMITED                SCOTTISH WIDOWS INVESTMENT PARTNERSHIP

3. Please state whether notification             4. Name of the registered holder(s)
   indicates that it is regarding the               and, if more than one holder, the
   holding of the shareholder named in 2            number of shares held by each of them
   above; in respect of a non- beneficial
   interest; or in the case of an
   individual holder if it is a holding of
   that person's spouse or children under
   the age of 18

NON-BENEFICIAL INTEREST

5. Number of      6. Percentage of issued        7. Number          8. Percentage of issued
   shares/amount     class (any treasury shares     of shares/         class (any treasury shares
   of stock          held by the listed company     amount of          held by the listed company
   acquired          should not be taken into       stock              should not be taken into
                     account when calculating       disposed           account when calculating
                     percentage)                                       percentage)

   20,000,000        3.77%

9. Class of security                             10. Date of      11.  Date listed company
                                                     transaction       informed
   
   Ordinary shares                                  22 SEPTEMBER 2006    22 SEPTEMBER 2006
                                         
12. Total holding following this                 13. Total percentage holding of issued
notification                                         class following this notification (any
                                                     treasury shares held by the listed
                                                     company should not be taken into
                                                     account when calculating percentage)

  20,000,000                                         3.77%

14. Any additional information                   15. Name of contact and telephone
                                                     number for queries

                                                     Northern Trust International Fund
                                                     Administration
                                                     Services (Guernsey) Limited, Secretary
                                                     01481 745338

16. Name and signature of duly authorised officer of the listed company
responsible for making this notification

A E Morvan
For Northern Trust International Fund Administration Services (Guernsey)
Limited, Secretary
_________________________________________________________________
Date of notification _____ 22 SEPTEMBER______ 2006____________





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