Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

F&C Commercial Property Trust Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to the notification obligation: iii

Resolution Limited

4. Full name of shareholder(s)  (if different from 3.):iv

Full list of shareholders is set out in response to Question 9 below.

5. Date of the transaction and

date on which the threshold is crossed or reached: v

23 April 2010

26 April 2010

6. Date on which issuer notified:

26 April 2010

7. Threshold(s) that is/are crossed or reached: vi, vii

50%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares of 1p each

342,305,907

342,305,907

232,415,797

232,415,797

-

34.15%

-

GG00B4ZPCJ00

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

232,415,797

34.15%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Friends Provident Life and Pensions Limited 25.73% (direct)

Friends Provident Life Assurance Limited 7.8% (direct)

London Capital Holdings Limited 0.04% (direct)

St Christophers' Place Limited 0.56% (direct)

Friends Provident International Limited 0.00% (direct)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Notification using the total voting rights figure of 680,537,003

14. Contact name:

Gillian Newton

15. Contact telephone number:

01481 745001

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

l

Contact address

(registered office for legal entities)

l

Phone number & email

l

l

Other useful information

(at least legal representative for legal persons)

l

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information