Holding(s) in Company

RNS Number:2582B
UK Balanced Property Trust Ltd(The)
31 July 2007


                     THE UK BALANCED PROPERTY TRUST LIMITED

                     (Registered in Guernsey - Number 39171)


                             Administrative Office:

                C/o BUTTERFIELD FUND SERVICES (GUERNSEY) LIMITED

        P.O. BOX 211, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,

                      GUERNSEY, GY1 3NQ, CHANNEL ISLANDS.
                          ___________________________


                          TELEPHONE:  + 44 1481 720321

                          FACSIMILE:  + 44 1481 716117

                            e-mail:  [e-mail]


Immediate Announcement                                       31 July 2007



The UK Balanced Property Trust Limited was notified earlier today of the
following transaction in its share capital.

1.  Identity of the issuer or the underlying issuer of   The UK Balanced Property Trust Limited
existing shares to which voting rights are attached:

2.  Reason for notification (yes/no)
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 notification              Carrousel Capital Ltd
obligation:                                                       Investment Manager
                                                                  

4.  Full name of shareholder(s) (if different from 3)           The Carrousel Fund Ltd
                                                              The Carrousel Fund II Ltd

5.  Date of transaction (and date on which the                      30th July 2007
threshold is crossed or reached if different):

6.  Date on which issuer notified:                                  31st July 2007

7.  Threshold(s) that is/are crossed or reached:                          5%

8.  Notified Details
A: Voting rights attached to shares
Class/type of  Situation previous to the Resulting situation after the triggering transaction
Shares if      triggering transaction
possible use   Number of    Number of    Number of    Number of voting        Percentage of voting
ISIN Code      Shares       voting       shares       rights                  rights
                            rights                    Direct       Indirect   Direct   Indirect
GB0031306698    8,114,000    8,114,000    9,609,050    9,609,050                5.03%

B:  Financial Instruments
Resulting situation after the triggering transaction
Type of financial     Expiration date      Exercise/conversion No. of voting      Percentage of
instrument                                 period/date         rights that may be voting rights
                                                               acquired (if the
                                                               instrument
                                                               exercised/
                                                               converted)


Total (A+B)
Number of voting rights                               Percentage of voting rights
                                          9,609,050                                         5.03%

9. Chain of controlled undertakings through which the voting rights and / or the financial
instruments are effectively held, if applicable:
Carrousel Capital Ltd prime broker hold the shares in nominees accounts.

Citigroup (Vidacos Noms Ltd)

Proxy Voting:
10.  Name of 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:                                    Jasmine Yennek or Bruno Sangle-Ferriere

15.  Contact telephone number:                        020 7529 5986 or 020 7529 5981

ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES

A:  Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)   Carrousel Capital Limited
                                                      Investment Manager
Contact address (registered office for legal          Hammond House
entities)
                                                      117 Piccadilly
                                                      London W1J 7JU
Phone number                                          00 44 20 7493 6518
Other useful information (at least legal              Legal Advisers:  Dechert London
representative for legal persons)

B:  Identity of the notifier, if applicable
Full name                                             Jasmine Yennek/Bruno Sangle-Ferriere
Contact address                                       Carrousel Capital Ltd
                                                      Hammond House
                                                      117 Piccadilly
                                                      London W1J 7JU
Phone number                                          020 7529 5986/ 0207 529 5981
Other useful information (e.g. functional
relationship with the person or legal entity subject
to the notification obligation)


All Enquiries:

The Company Secretary
Butterfield Fund Services (Guernsey) Limited
PO Box 211
Regency Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 3NQ

Tel: [phone]
Fax: [phone]




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

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