Net Asset Value(s)

UK Commercial Property Trust Ltd
13 April 2007


UK Commercial Property Trust Limited

13 April 2007

Net Asset Value

The unaudited Net Asset Value of an ordinary share in UK Commercial Property
Trust Limited as at 31 March 2007 was 101.9p. 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 March 2007 was
100.9p. The adjusted IFRS Net Asset Value includes a provision for the payments
of a declared dividend of 0.8604p per share which is payable in May 2007, and a
further proposed dividend of 0.4521p per share, which is expected to be payable
in May 2007, as set out in the prospectus issued in February 2007. Both
dividends are in respect of the period 1 January 2007 to 31 March 2007.

The property portfolio will next be valued by an external valuer during June
2007 and the Net Asset Value per share as at 30 June 2007 will be published in
July 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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