Net Asset Value(s)

UK Commercial Property Trust Ltd
09 January 2007


UK Commercial Property Trust Limited

9 January 2007

Net Asset Value

The unaudited Net Asset Value of an ordinary share in UK Commercial Property
Trust Limited as at 31 December 2006 was 101.4p. The unaudited Net Asset Value
attributable to the ordinary shares is calculated under International Financial
Reporting Standards ('IFRS').

The adjusted IFRS Net Asset Value of an ordinary share as at 31 December 2006
was 99.9p. The adjusted IFRS Net Asset Value includes a provision for payment of
a proposed interim dividend of 1.45p per share in respect of the period to 31
December 2006 which is expected to be paid in February 2007.

The property portfolio will next be valued by an external valuer during March
2007 and the Net Asset Value per share as  at 31 March 2007 will be issued in
April 2007.

All enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: [phone]

Fax: [phone]




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