Net Asset Value(s)

Insight Foundation Property Tst Ltd
27 April 2006


Insight Foundation Property Trust Limited

27 April 2006


Announcement of NAV and seventh interim dividend

Insight Foundation Property Trust Limited is pleased to announce a Net Asset
Value of 119.6 pence per share as at 31 March 2006 and an interim dividend
payment of 1.6875 pence per share in respect of the period 1 January 2006 to 31
March 2006.

The dividend payment will be made on 26 May 2006 to shareholders on the register
on 12 May 2006. The ex-dividend date will be 10 May 2006.

The Company's NAV of 119.6 pence per share reflects an uplift of 5.59 pence per
share, or 4.9% over the quarter. The NAV over the 12 months to 31 March 2006 has
increased by 14.3 pence per share or 13.6 % resulting in a NAV total return to
investors of approximately 20.3%.

The quarterly NAV uplift followed an increase in the capital value of the
properties held over the quarter of £24 million or 4.8%. £11.3 million of this
uplift came from the first three London office acquisitions following the C
share issue in July 2005. The Company's investment in MidCity Place has
increased from the acquisition price of £9.8 million to £17.6 million following
a tenant lease restructuring. Minerva House and National Magazine House now have
a combined value of over £97 million as compared to their combined acquisition
prices of £87.18 million.

The Company's total investment in London offices since the C share issue is
approximately £165 million, exceeding the objectives set by the Board at the
time of the issue.

The preliminary estimate of results to 31 March 2006 indicates that a
performance fee is payable to the Manager, Insight Investment in the region of
£5 million and this will be payable following completion of the Company's year
end audit. A provision for this sum has been made in arriving at the published
NAV figure above.

Enquiries: -

Duncan Owen
(Insight Investment Management)         020 7321 1677

Paul Smith / Sara Radford
(RBSI Fund Services (Guernsey) Limited) 01481 743000

Stephanie Highett / Dido Laurimore
(Financial Dynamics )                   020 7831 3113



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