Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

New FCPT Limited

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

An acquisition or disposal of voting rights

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

An acquisition or disposal of instruments withsimilar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Yes 

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

 Friends Provident Groupplc

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

 The full list of shareholdersis set out in response to Question 9 below

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

 16 July 2009

6. Date on which issuernotified:

 20 July 2009

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

 53%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possibleusing 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

Direct

Direct

Indirect

Direct

Indirect

 GG00B4ZPCJ100 Ordinary1p each

 342,300,000

 342,300,000

 342,300,000

 342,300,000

53.09 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

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

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of votingrights

 342,300,000

 53.09

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

Friends Provident plc

Friends Provident Life and Pensions Limited 40.30% (Direct)

Friends Provident Life Assurance Limited 12.15%(Direct)

London Capital Holdings Limited 0.04% (Direct)

St Christophers' Place Limited 0.59% (Direct)

Proxy Voting:

10. Name of the proxy holder:

 N/A

11. Number of voting rights proxy holder willcease to hold:

 N/A

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

 N/A

13. Additional information:

 Notification usingthe total voting rights figure of 644,766,270

14. Contact name:

 Diana Monger

15. Contact telephone number:

 0845 25 83448