SAR - UK Balanced Property

RNS Number:2112U
Scottish Widows Inv.Partnership Ltd
14 January 2004

                                                                      FORM SAR 5



Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.

A copy must also be sent to the company the shares of which are being sold.

Date of disclosure

14th January 2004

DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")

Date of sale

13th January 2004



Sale of (name of company)

UK Balanced Property Trust



1. Class of voting shares (eg ordinary shares)

Ordinary 25p



Number of shares/rights over shares sold

700,000                                Shares   Rights



If rights over shares sold, as opposed to the shares themselves, specify nature
of rights






2. Resultant total holding of voting shares (and % of total voting shares in
issue)


47,391,451                                           24.796 %



Resultant total holding of rights over shares (and % of total voting shares in
issue)


                                                       %
Total percentage


  24.796 %



3. Party making disclosure


Scottish Widows Investment Partnership Ltd

4. (a) Name of person selling shares or rights over shares


Scottish Widows Investment Partnership Ltd

and, if different, beneficial owner






(b) Names of any other persons acting by agreement or understanding






Signed, for and on behalf of the party named in (3) above






(Also print name of signatory)


George Stephen Brice



Telephone and extension number


020 7718 4253



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs.  If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: [e-mail]


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