Net Asset Value(s)

UK Commercial Property Trust Ltd
11 July 2007


UK Commercial Property Trust Limited

11 July 2007

Net Asset Value


The unaudited Net Asset Value of an ordinary share in the UK Commercial Property
Trust Limited as at 30 June 2007 was 103.4p. 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 30 June 2007 was
102.1p. The adjusted IFRS Net Asset Value includes a provision for the payment
of a proposed dividend of 1.3125p per share in respect of the period 1 April
2007 to 30 June 2007 which is payable in August 2007 as set out in the
prospectus issued in February 2007.

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