Valuation

UK Commercial Property Trust Ltd
01 October 2007


RNS ANNOUNCEMENT

UK COMMERCIAL PROPERTY TRUST LIMITED

VALUATION AS AT 30 SEPTEMBER 2007

The Directors announce that the Group's portfolio of properties had an external
valuation as at 30 September 2007 of £843,145,000. This represents a fall in the
value of these properties of 3.15% since the external valuation as at 30 June
2007 of £870,535,000.

Over the last quarter the Group also sold three smaller properties for a gross
consideration of £9,450,000, which was slightly above these properties' external
valuation as at 30 June 2007 of £9,360,000.

The Directors expect that the unaudited net asset value per share will be
published in the week commencing 8 October 2007 but anticipate that the net
asset value per share will fall by approximately 3.5%. The
Directors intend that the net asset value announcement will contain a more
detailed analysis of the performance of the property portfolio over the past
quarter and since the launch of the Company.

Following this announcement the Company is no longer in a close period and, as
stated in the interim results, the Directors now intend to implement a programme
of share buy backs.

All enquiries:

The Company Secretary, Northern Trust International Fund Administration Services
(Guernsey) Limited - 01481 745338

Gary Hutcheson/Gerry Brady, Resolution Investment Services Limited - 0141 222
8000



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