Transaction in Own Shares

UK Commercial Property Trust Ltd
28 August 2007


RIS ANNOUNCEMENT

UK COMMERCIAL PROPERTY TRUST LIMITED

FOR IMMEDIATE RELEASE

Share buy backs

28 August 2007

The Board of UK Commercial Property Trust Limited (the 'Company') refers to the
prospectus (the 'Prospectus') published by the Company on launch in September
2006. The Prospectus stated that the Directors intended to use the share buy
back authority to purchase shares (subject to the income and cashflow
requirements of the Company) if the market price of a share was more than five
per cent. below the published net asset value of a share for a continuous period
of 20 dealing days or more.

The Directors have been carefully monitoring the market price of the shares,
which were trading at a discount (calculated by adjusting the published net
asset value for any dividends for which the shares have gone ex-dividend) of
16.3 per cent. as at 24 August 2007 and have now traded at a discount in excess
of five per cent. for 58 continuous dealing days.

The Company has been in a close period since the end of the interim financial
period on 30 June 2007, at which stage the shares had traded at a discount in
excess of five per cent. for 18 days. In addition, the Company has been in
discussions with the UK Listing Authority regarding a reduction in the Listing
Rule requirement that a minimum of 25 per cent. of the issued shares in the
Company must be held in public hands. Since the placing and offer in March 2007,
Resolution plc and its subsidiaries, have held 74.8 per cent. of the issued
shares. The UK Listing Authority has now agreed that the shares in public hands
requirement in respect of the Company can be reduced to a minimum of 20 per
cent. of the issued share capital. Accordingly, the Board now has more
flexibility in undertaking share buy backs.

The Directors therefore intend that, following the publication of the interim
financial statements in early September, the Company will commence a program of
share buy backs. Such share buy backs will continue to be subject to the income
and cashflow requirements of the Company and will be undertaken at prices which
are in the best interests of all shareholders.

The Directors intend to monitor the effectiveness of the share buy back program.
The reduction in the minimum number of shares required to held in public hands
should not be taken as an indication of any target level for share buy backs.


All enquiries:

Douglas Armstrong, Dickson Minto WS
0207 628 4455/0131 225 4455

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

The Company Secretary, Northern Trust International Fund Administration 
Services(Guernsey) Limited
01481 745001


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