Holding(s) in Company

UK Commercial Property Trust Ltd
14 December 2007



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

1. Identity of the issuer or the underlying issuer UK Commercial Property Trust
of existing shares to which voting rights are      Ltd
attached(1):                                      
-------------------------------                     --------------------
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
transparency_______                                                        
--------------------------------------------        -------
3. Full name of person(s) subject to the           Resolution Investment Services
notification obligation(1):                        Limited
-------------------------------                    --------------------
4. Full name of shareholder(s) (if different from
3.)(1):                                                        
-------------------------------                    --------------------
5. Date of the transaction (and date on which the  12/10/2007
threshold is crossed or reached if different)(1):  
-------------------------------                    --------------------
6. Date on which issuer notified:                  14/12/2007
-------------------------------                    --------------------
7. Threshold(s) that is/are crossed
or reached:                                        75%
-------------------------------                    --------------------
8. Notified details:                               Nominee Holdings
-------------------------------                    --------------------



A: Voting rights attached to shares
Class/type of  Situation previous  Resulting situation after the triggering
shares         to the Triggering   transaction(1)
               transaction (1)
if possible
using the ISIN Number   Number of  Number   Number of voting     % of voting
CODE           of       Voting     of       rights ix            rights
               Shares   Rights     shares
                        viii       Direct   Direct Indirect xi   Direct   Indirect
                                            x
GB00B19Z2J52                                       658,760,625               75.97%

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

Total (A+B)
Number of voting rights                      % of voting rights
                               658,760,625                               75.97%

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

Resolution Asswst Management Limited

Resolution Investment Services Limited (indirect)

Phoenix Life Limited
Vidacos Nominees Ltd (273,647,563 shares 40.09%) (A/C: BRITINV)
Vidacos Nominees Ltd (21,750,000 shares 2.51%) (A/C: BRITINV)

Phoenix & London Assurance Limited
Vidacos Nominees Ltd (347,611,340 shares 40.09%) (A/C: BRITINV)
Vidacos Nominees Ltd (1,148,500 shares 0.13%) (A/C: BRITINV)

Resolution Asset UK Property Fund
Vidacos Nominees Ltd (14,500,000 shares 1.67%) (A/C: BRITUT)

Scottish Mutual Assurance Plc
Bank of New York Nominees Ltd (103,222 shares 0.01%)
(A/C: 818308, 221538, 221539)

Proxy Voting:
10. Name of the proxy holder:                                             N/A
11. Number of voting rights proxy holder will cease to hold:              N/A
12. Date on which proxy holder will cease to hold voting rights:          N/A

13. Additional       Percentage calculation based on Issued Share Capital of
information:         867,126,287 (As at 28/11/07)
14. Contact name:    Deborah A. Wagner
15. Contact
telephone
number:              0141 222 8000



                      This information is provided by RNS
            The company news service from the London Stock Exchange