Liquidation and TAV

RNS Number:8996F
UK Balanced Property Trust Ltd(The)
17 October 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

                                                                17 October 2007

Liquidation and Terminal Asset Value

The UK Balanced Property Trust Limited (the "Company") refers to the circular
(the "Circular") to shareholders dated 13 September 2007 convening, inter alia,
an EGM which was held earlier today at which a resolution (the "Resolution") was
put to shareholders to put the Company into voluntary liquidation and to
authorise certain ancillary matters.  This Resolution was passed by shareholders
earlier today on a poll by 84,462,146 votes for (99.92 per cent. of the votes
cast) to 70,250 votes against (0.08 per cent.) and the Company is now in
voluntary liquidation.

Following the passing of the Resolution, all conditions to the scheme (the
"Scheme") of liquidation and reconstruction of the Company (other than the
admission of the new rollover shares to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange) have been satisfied.
Full details of the Scheme were set out in the Circular.

The Terminal Asset Value (TAV) of one share in the Company for the purposes of
the Scheme has been calculated as at 12 October 2007 in accordance with the
Circular as being 166.83209855p.

Shareholders who elected or are deemed to have elected for cash will receive
their entitlements in the liquidation in cash.  Shareholders who elected or are
deemed to have elected for the rollover option will receive their entitlements
in the form of new shares in F&C Commercial Property Trust Limited ("FCCPT").
The issue price of a new FCCPT share has been calculated in accordance with the
Scheme as set out in the Circular as being 140.33p, being the published net
asset value of an FCCPT share as at 30 September 2007 less those dividends
already declared in respect of the FCCPT shares in which the new rollover shares
will not participate.  Persons who have elected for or are deemed to have
elected for the rollover option will therefore receive approximately 1.1888 new
FCCPT shares for each share in the Company elected to rollover.

A total of 24,041,875 shares in the Company were elected or deemed to be elected
for the rollover option and a total of 167,079,125 shares were elected or deemed
to be elected for the cash option.  It is expected that the new FCCPT shares
will be issued and will be admitted to listing on the Official Lists of the UK
Listing Authority and the Channel Islands Stock Exchange (the "CISX"), and to
trading on the London Stock Exchange and the CISX, at 8.00 a.m. on 18 October
2007.

As a result of the Resolution being passed at the EGM as described above, the
Company expects that the listings of the Company's ordinary shares on the
Official Lists of the UK Listing Authority and the CISX, and the trading in the
ordinary shares on the London Stock Exchange and the CISX, will be cancelled at
8.00 a.m. on 18 October 2007.

Copies of the Resolution 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]

All Enquiries:

The Company Secretary
Butterfield Fund Services (Guernsey) Limited
PO Box 211Regency 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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