Net Asset Value(s)-Amend

ING UK Real Estate Income Trust Ltd
24 April 2007





The 'Net Asset Value(s)' announcement released today at 07:00 under
RNS No 3784V, should have been issued under the Company name of ING UK Real
Estate Income Trust Limited and not under the Company name of ING Global Real
Estate Securities. 

The announcement text is unchanged and is reproduced in full below.




ING UK Real Estate Income Trust Limited

Announcement of Net Asset Value 31 March 2007

The unaudited Net Asset Value ('NAV') per share of ING UK Real Estate Income
Trust Limited as at 31 March 2007 was 129 pence. This NAV figure incorporates
the external portfolio valuation as at 31 March 2007. It includes current year
income and is calculated after the deduction of dividends paid prior to 31 March
2007, but does not include provision for the next quarterly dividend which is
expected to be paid in May 2007.

The Company's NAV of 129 pence per share reflects an uplift of 3 pence per
share, or 2.3% over the quarter. The NAV over the 12 months to 31 March 2007 has
increased by 19 pence per share or 17.3%

The NAV attributable to Ordinary Shares is calculated under International
Financial Reporting Standards ('IFRS') and includes an adjustment in respect of
the marked to market value of the interest rate swaps.

The unaudited NAV is calculated as follows:
                       31 March 2007    31 December 2006    30 September 2006
                                   £m                  £m                   £m
Investment properties
at market value                 711.1               702.2                586.3
Current assets                   39.1                45.3                 30.9
Current liabilities             (20.3)              (24.4)               (21.9)
Borrowings                     (313.5)             (313.5)              (225.0)
                                416.4               409.6                370.3
Market value of
interest rate swaps              11.6                 8.7                  5.1
Net Asset Value                 428.0               418.3                375.4

The property portfolio will next be valued by an external valuer during June
2007 and the NAV per share as at 30 June 2007 will be issued in July 2007.

For further information:

All Enquiries

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]

ING Real Estate Investment Management (UK) Limited
Selina Sasse, 020 7767 5756, [e-mail]
Helen Stott, 020 7767 5648 [e-mail]

Financial Dynamics
Dido Laurimore/Stephanie Highett, 020 7831 3113




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