TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

F&C Commercial Property Trust Limited 

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 

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to notification obligation:

Friends Provident plc (FP plc)

4. Full name of shareholder(s) (if different from 3):

The full list of shareholders is set out in response to Question 9 below

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

06/05/2009

6. Date on which issuer notified:

08/05/2009

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

51%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Direct

Indirect

Direct

Indirect

GB00B05KL904

Ordinary 90p each

347,796,294

347,796,294

342,300,000

342,300,000

2,396,294

50.30%

0.35%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

344,696,294

50.65%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Friends Provident plc

Friends Provident Life and Pensions Limited

Friends Provident Life Assurance Limited

London Capital Holdings Limited

St Christopher's Place Limited

F&C Asset Management plc (Indirect)

259,827,500 shs 38.18% (Direct) 

78,373,750 shs 11.52% (Direct)

275,950 shs 0.04% (Direct) 

 3,822,800 shs 0.56% (Direct) 

2,396,294 shs 0.35% (Indirect)

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Notification using the total voting rights figure of 

680,537,003

14 Contact name:

Diana Monger

15. Contact telephone name:

0845 25 83448