Update on Loan Facilities, CHIP (Two) Limited

17 September 2013

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

Update on Loan Facilities, CHIP (Two) Limited

The loan facility of £8.6 million provided by Nationwide in respect of the Company's wholly owned subsidiary, CHIP (Two) Limited, expired on 30 August 2013.

The Company announces today that CHIP (Two) Limited has agreed with Nationwide to amend the loan facility agreement such that the term of the facility is extended to 28 February 2014.

The facility is non-recourse to the Company.

Discussions with Nationwide and alternative banks and providers of capital are continuing in order to pursue a further extension to, or refinancing of, this loan facility.

There are no current intentions to enter into an interest rate swap or other hedging agreement.

Further information will be provided in due course.

Contact:

Jonathan Clague

Chairman, Alpha UK Multi Property Trust Plc

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

020 7268 0300