Completion of Debt Facility

UK COMMERCIAL PROPERTY TRUST LIMITED

("UKCPT" or the "Company")

15 June 2010

£150 MILLION DEBT FACILITY FOR NEXT STAGE IN UKCPT'S GROWTH

Subsequent to the announcement on 19 May 2011, UK Commercial Property Trust, ("the Company") is pleased to announce that it has now satisfied all conditions in relation to the new £150 million, seven year term loan facility with Barclays Bank plc.

The Company has also now drawn down debt totaling £105 million (Lloyds facility - £80 million, Barclays facility - £25 million) leaving £125 million of the Barclays facility still available for investment over the next 18 months. Swap contracts have been entered into covering the total debt drawn to date resulting in an average blended cost of 3.61%.

In addition to the above, the Company has also entered into a Swap arrangement for a further £75 million of the Barclays facility at a Swap rate of 2.9925%, expiring on May 18 2018.

For further information:

Robert Boag/Graeme McDonald/Gary Hutcheson, Ignis Investment Services Limited

Tel: 0141 222 8000

Richard Sunderland/Will Henderson/ Stephanie Highett, Financial Dynamics

Tel: 020 7831 3113

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

Tel: 01481 745432