Portfolio Update

2 December 2013

ALPHA UK MULTI PROPERTY TRUST PLC (the "Company")

Update on Loan Facilities

CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited

The loan facility of £54.1 million, with a current outstanding balance of £47.5 million, provided by Bank of Scotland in respect of the Company's wholly owned subsidiaries, CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited, expired on 30 November 2013.

The Company announces today that CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited have agreed with Bank of Scotland to extend the term of the loan facility agreement to 4 December 2013.

The facility is non-recourse to the Company.

Discussions with banks and providers of capital are continuing in order to pursue a further extension to, or refinancing of, this loan facility and a further announcement will be made in due course.

Contact:

Jonathan Clague

Chairman, Alpha UK Multi Property Trust Plc

01624 681250

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

020 7268 0300