Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer ofexisting shares to which voting rights are attached: F&C UK Real Estate Investments Limited 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which mayresult in the acquisition of shares already issued to which voting rightsare attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notificationobligation: F&C Management Limited, Part of BMO Financial Group 4. Full name of shareholder(s) (if different from 3.): See Box 9 below 5. Date of the transaction and date on which the thresholdis crossed or reached: 06 October 2014 6. Date on which issuer notified: 07 October 2014 7. Threshold(s) that is/are crossed or reached: 14, 13, 12, 11, 10% 8. Notified details: A: Voting rights attached to shares Class/type Situation previous Resulting situation after the triggeringof to the triggering transactionshares transaction if possible Number Number Number Number of voting % of votingusing of of of shares rights rightsthe ISIN Shares VotingCODE Rights Direct Direct Indirect Direct Indirect GB00B012T521 32,883,448 32,883,448 20,724,850 20,724,850 8.98%Ordinary 1p B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument date Conversion rights that may be rights Period acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of % of votingfinancial price date Conversion voting rightsinstrument period rights instrument refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 20,724,850 8.98% 9. Chain of controlled undertakings through which the voting rights and /or thefinancial instruments are effectively held, if applicable: F&C Asset Management plc:- No. of voting % of total Registration nameClient rights voting rights Friends Life Commercial Property Fund 20,724,850 8.98 Citifriends Nominees Limited Proxy Voting: 10. Name of proxy holder: F&C Management Limited Part of BMO Financial Group 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 Calculations based on total voting rights of 230,855,539information: as at 18 June 2014. 14 Contact name: Mike Bassi, F&C Management Limited Part of BMO Financial Group 15. Contact 0131 718 1093telephone name: For notes on how to complete form TR-1 please see the FCA website. Note: Annex should only be submitted to the FCA not the issuer Annex: Notification of major interests in shares A: Identity of the persons or legal entity subject to the notificationobligation Full name F&C UK Real Estate Investments Limited(including legal form of legalentities) Contact address F&C UK Real Estate Investments Limited,(registered office for legal Trafalgar Court, Les Banques, St Peter Port,entities) Guernsey, Channel Islands GY1 3QL Phone number & email Tel : 0131 718 1073 (Scott Macrae) Other useful information(at least legal representativefor legal persons) B: Identity of the notifier, if applicable Full name Mike Bassi, F&C Management Limited Part of BMO Financial Group Contact address 80 George Street, Edinburgh EH2 3BU Phone number & email 0131 718 1093 [email protected] Other useful information (e.g. functional relationship with the person orlegal entity subject to the notificationobligation)

C: Additional information