Holding(s) in Company

ING UK Real Estate Income Trust Ltd
10 December 2007



TR-1: Notification of major interests in shares

+--------------------------------------------+--------------------------------+
|1. Identity of the issuer or the underlying |ING UK Real Estate Income Trust |
|issuer of existing shares to which voting   |              Ltd               |
|rights are attached:                        |                                |
+--------------------------------------------+----------------------+---------+
|2. Reason for the notification (please tick the appropriate box or |         |
|boxes)                                                             |         |
+-------------------------------------------------------------------+---------+
|An acquisition or disposal of voting rights                        |   Yes   |
+-------------------------------------------------------------------+---------+
|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):___________________________________________ |         |
+--------------------------------------------+----------------------+---------+
|3. Full name of person(s) subject to the    |        Deutsche Bank AG        |
|notification obligation:                    |                                |
+--------------------------------------------+--------------------------------+
|4. Full name of shareholder(s) (if different|        Deutsche Bank AG        |
|from 3.):                                   |                                |
|                                            |  Tilney Investment Management  |
+--------------------------------------------+--------------------------------+
|5. Date of the transaction (and date on     |           05/12/2007           |
|which the threshold is crossed or reached if|                                |
|different)(i):                              |                                |
+--------------------------------------------+--------------------------------+
|6. Date on which issuer notified:           |           06/12/2007           |
+--------------------------------------------+--------------------------------+
|7. Threshold(s) that is/are crossed or      |Aggregate Direct and Indirect 5%|
|reached:                                    |                                |
+--------------------------------------------+------------------------------+-+
|8. Notified details:                        |                              | |
+--------------------------------------------+----------------------+-------+-+
+--------------------------------------------+----------------------+-------+-+



+--------------------------------------------------------------------------------+
|A: Voting rights attached to shares                                             |
+------------+-----------------+-------------------------------------------------+
|Class/type  |Situation        |Resulting situation after the triggering         |
|of shares   |previous to the  |transaction                                      |
|            |Triggering       |                                                 |
|if possible |transaction      |                                                 |
|using the   +---------+-------+-----------+--------------------+----------------+
|ISIN CODE   |Number of|Number |Number of  |Number of voting    |% of voting     |
|            |Shares   |of     |shares     |rights              |rights          |
|            |         |Voting +-----------+----------+---------+-------+--------+
|            |         |Rights |Direct     |Direct    |Indirect |Direct |Indirect|
+------------+---------+-------+-----------+----------+---------+-------+--------+
|            |         |       |           |          |         |       |        |
|            |         |       |           |          |         |       |        |
|GB00B0LCW208|n/a      |n/a    |9,343,512  |9,343,512 |7,834,510|2.83   |2.37    |
+------------+---------+-------+-----------+----------+---------+-------+--------+

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

+-----------------------------------------------------------------------------+
|Total (A+B)                                                                  |
+-------------------------------------+---------------------------------------+
|Number of voting rights              |% of voting rights                     |
+-------------------------------------+---------------------------------------+
|                                     |                                       |
|                                     |                                       |
|17,178,022                           |5.20                                   |
+-------------------------------------+---------------------------------------+








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

+-----------------------------------------------------------------------------+
|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:               |David Lindsay/Andrew Anderson               |
+--------------------------------+--------------------------------------------+
|15. Contact telephone number:   |+00 44 207 545 8533/8532                    |
+--------------------------------+--------------------------------------------+






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