Holding(s) in Company

ING UK Real Estate Income Trust Ltd
05 April 2007



TR-1(i): notification of major interests in shares

+------------------------------------------------+------------------------------+
|1. Identity of the issuer or the underlying     |  ING UK REAL ESTATE INCOME   |
|issuer of existing shares to which voting rights|            TRUST             |
|are attached(ii):                               |                              |
+------------------------------------------------+----------------------+-------+
|2. Reason for the notification (please tick the appropriate box or     |       |
|boxes)                                                                 |       |
+-----------------------------------------------------------------------+-------+
|An acquisition or disposal of voting rights                            |       |
+-----------------------------------------------------------------------+-------+
|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                  | X     |
|transparency_______                                                    |       |
+------------------------------------------------+----------------------+-------+
|3. Full name of person(s) subject to the        |     Lloyds TSB Group plc     |
|notification obligation(iii):                   |                              |
+------------------------------------------------+------------------------------+
|4. Full name of shareholder(s) (if different    |                              |
|from 3.)(iv):                                   |                              |
+------------------------------------------------+------------------------------+
|5. Date of the transaction (and date on which   |             N/A              |
|the threshold is crossed or reached if          |                              |
|different)(v):                                  |                              |
+------------------------------------------------+------------------------------+
|6. Date on which issuer notified:               |             N/A              |
+------------------------------------------------+------------------------------+
|7. Threshold(s) that is/are crossed or reached: |             N/A              |
+------------------------------------------------+------------------------------+
|8. Notified details:                            |                              |
+------------------------------------------------+----------------------+-------+
+------------------------------------------------+----------------------+-------+


+------------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                                 |
+------------+--------------------+--------------------------------------------------+
|Class/type  |Situation previous  |Resulting situation after the triggering          |
|of shares   |to the Triggering   |transaction(vii)                                  |
|            |transaction (vi)    |                                                  |
|if possible +---------+----------+-----------+---------------------+----------------+
|using the   |Number of|Number of |Number of  |Number of voting     |% of voting     |
|ISIN CODE   |Shares   |Voting    |shares     |rights ix            |rights          |
|            |         |Rights    +-----------+----------+----------+-------+--------+
|            |         |viii      |Direct     |Direct x  |Indirect  |Direct |Indirect|
|            |         |          |           |          |xi        |       |        |
+------------+---------+----------+-----------+----------+----------+-------+--------+
|  B0LCW20   |   N/A   |   N/A    |13,000,000 |13,000,000|  9,390   | 3.922 | 0.003  |
+------------+---------+----------+-----------+----------+----------+-------+--------+

+----------------------------------------------------------------------------------+
|B: Financial Instruments                                                          |
+----------------------------------------------------------------------------------+
|Resulting situation after the triggering transaction xii                          |
+----------------+-----------+-------------------+--------------------+------------+
|Type of         |Expiration |Exercise/          |Number of voting    |% of voting |
|financial       |date xiii  |Conversion Period/ |rights that may be  |rights      |
|instrument      |           |Date xiv           |acquired if the     |            |
|                |           |                   |instrument is       |            |
|                |           |                   |exercised/          |            |
|                |           |                   |converted.          |            |
+----------------+-----------+-------------------+--------------------+------------+
|                |           |                   |                    |            |
+----------------+-----------+-------------------+--------------------+------------+

+-------------------------------------------------------------------------------+
|Total (A+B)                                                                    |
+--------------------------------------+----------------------------------------+
|Number of voting rights               |% of voting rights                      |
+--------------------------------------+----------------------------------------+
|              13,009,390              |                 3.924                  |
+--------------------------------------+----------------------------------------+


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

+-----------------------------------------------------------------------------+
|Proxy Voting:                                                                |
+------------------------------------------------+----------------------------+
|10. Name of the proxy holder:                   |                            |
+------------------------------------------------+----------------------------+
|11. Number of voting rights proxy holder will   |                            |
|cease to hold:                                  |                            |
+------------------------------------------------+----------------------------+
|12. Date on which proxy holder will cease to    |                            |
|hold voting rights:                             |                            |
+------------------------------------------------+----------------------------+

+--------------------------------+--------------------------------------------+
|13. Additional information:     |                                            |
+--------------------------------+--------------------------------------------+
|14. Contact name:               |Philip Mason                                |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |01444 418127                                |
+--------------------------------+--------------------------------------------+




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