Issue of Equity

F&C UK Real Estate Investments Limited ("the Company")             

23 January 2015

The Board announces that F&C UK Real Estate Investments Limited ("the Company")
has made an application to the UK Listing Authority and the London Stock
Exchange ('LSE') for the listing of a further 1,500,000 ordinary shares of 1p
each ("Ordinary Shares") in order to satisfy continued market demand. These
shares rank pari passu with the existing shares in issue. The Ordinary Shares
have been allotted and issued at a price of 94.5p per share, being just over a
4 per cent. premium to the net asset value announced by the Company on 21
January 2015. It is expected that the new shares will be admitted to listing
and to trading on the LSE at 8.00 a.m. on Wednesday 28 January 2015.

Following this issue, the total number of ordinary shares will be 232,355,539
and the total number of voting rights in the Company will be 232,355,539.

The above figures may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.

For further information please contact:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]
Fax: [phone]