Notice of EGM

RNS Number:8824A
UK Balanced Property Trust Ltd(The)
25 July 2007


NOT FOR RELEASE OR PUBLICATION IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA,
  CANADA OR JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
              VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

                     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
                                                                   25 July 2007

THE UK BALANCED PROPERTY TRUST LIMITED (the "Company")

PUBLICATION OF CIRCULAR AND UPDATE ON 31 JULY 2007 EGM

The UK Balanced Property Trust Limited (the "Company") refers to the
announcement made by the Company on 23 July 2007 in connection with the proposed
sale (the "Sale") of the Company's subsidiaries and confirms that it has today
published a circular (the "Circular") to shareholders convening an extraordinary
general meeting, to be held at 10.00 a.m. on 17 August 2007 at Regency Court,
Glategny Esplanade, St Peter Port, Guernsey GY1 3NQ, at which a resolution will
be put to shareholders to approve the proposed Sale.

Following the announcement of the Board's proposals on 23 July 2007, Scottish
Widows Unit Funds Limited ("SWUF") announced that it would request the
indefinite adjournment of the extraordinary general meeting convened for 31 July
2007 to enable the Board to bring forward its proposals in connection with the
Sale.  The Board has now agreed with SWUF that, at the commencement of the EGM
on 31 July 2007, it will propose an indefinite adjournment of that meeting.  The
Board expects that this adjournment resolution will be passed and accordingly
the SWUF requisitioned resolutions will not be considered at that meeting.  SWUF
has also indicated to the Board that it will vote in favour of the resolution to
be proposed at the EGM to be held on 17 August 2007 to approve the Sale.

Copies of the Circular have been submitted to the FSA, and will shortly be
available for inspection at the FSA's Document Viewing Facility which is
situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel:  [phone]


Copies of the Circular will also shortly be available for collection during
normal business hours on any day (Saturdays, Sundays and public holidays
excepted) from the registered office of the Company at Butterfield Fund Services
(Guernsey) Limited, Regency Court, Glategny Esplanade, St Peter Port, Guernsey
GY1 3NQ and from Dickson Minto WS, Royal London House, 22/25 Finsbury Square,
London EC2A 1DX.


Enquiries:


Douglas Armstrong, Dickson Minto W.S.
0207 628 4455/0131 225 4455


Nigel Russell/Graeme Caton/Graham Reaves, G&N Collective Funds Services Limited
0131 226 4411


Stephanie Highett/Dido Laurimore, Financial Dynamics
020 7269 7160







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

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