Offer Document Posted

RNS Number:8252H
UK Balanced Property Trust Ltd(The)
21 February 2003

ANNOUNCEMENT

THE UK BALANCED PROPERTY TRUST LIMITED

21 February 2003

The Directors announce that the Company today published a circular and
prospectus containing details of the proposed acquisition of a portfolio of
properties by the Company and a placing and offer for subscription of new
ordinary shares, as previously announced on 9 January 2003. An Extraordinary
General Meeting of the Company to approve the proposals has been convened for 19
March 2003 and the offer for subscription opens today. The offer will close on
17 March 2003 and admission of the new ordinary shares to be issued under the
placing and offer is expected to be on 20 March 2003. Copies of the circular and
prospectus have been submitted to the UK Listing Authority and will shortly be
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

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

Enquiries:
Nigel Russell, Graham Reaves and
Graeme Caton
G&N Collective Funds Services Limited
Tel: [phone]

Tom Laidlaw and David Mitchell
Scottish Widows Investment Partnership Limited
Tel: [phone]



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