Holding(s) in Company

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

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 

x

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

An event changing the breakdown of voting rights

Other (please specify):____Disclosure for purposes of transparency_______

x

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

Friends Provident plc (FP plc) 

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

The full list of shareholders is set out in response to Question 10 below

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

19 December 2008

6. Date on which issuer notified:

30 December 2008

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

52%

8. Notified details:

A: Voting rights attached to shares

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 viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

GB00B05KL904 Ordinary 90p each

373,200,838

373,200,838

342,300,000

342,300,000

5496294

50.30

0.81

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

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

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

347,796,294

51.11

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

Friends Provident plc

Friends Provident Life 38.18% (Direct)

and Pensions Ltd

Friends Provident Life 11.52% (Direct)

Assurance Limited

London Capital Holdings 0.04% (Direct)

Limited

St Christophers' Place 0.56% (Direct)

Limited

F&C Asset Management 0.81% (Indirect)

Plc (Indirect)

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

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

14. Contact name:

Diana Monger

15. Contact telephone number:

0845 25 83448