Market Capitalisation £550.89M

Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.

RNS Number:5212U
ING UK Real Estate Income Trust Ltd
05 April 2007



TR-1(i): notification of major interests in shares

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|1. Identity of the issuer or the underlying     |  ING UK REAL ESTATE INCOME   |
|issuer of existing shares to which voting rights|            TRUST             |
|are attached(ii):                               |                              |
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|2. Reason for the notification (please tick the appropriate box or     |       |
|boxes)                                                                 |       |
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|An acquisition or disposal of voting rights                            |       |
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|An acquisition or disposal of financial instruments which may result in|       |
|the acquisition of shares already issued to which voting rights are    |       |
|attached                                                               |       |
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|An event changing the breakdown of voting rights                       |       |
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|Other (please specify):____Disclosure for purposes of                  | X     |
|transparency_______                                                    |       |
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|3. Full name of person(s) subject to the        |     Lloyds TSB Group plc     |
|notification obligation(iii):                   |                              |
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|4. Full name of shareholder(s) (if different    |                              |
|from 3.)(iv):                                   |                              |
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|5. Date of the transaction (and date on which   |             N/A              |
|the threshold is crossed or reached if          |                              |
|different)(v):                                  |                              |
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|6. Date on which issuer notified:               |             N/A              |
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|7. Threshold(s) that is/are crossed or reached: |             N/A              |
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|8. Notified details:                            |                              |
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 ------------------------------------------------------------------------------------ 
|A: Voting rights attached to shares                                                 |
 ------------ -------------------- -------------------------------------------------- 
|Class/type  |Situation previous  |Resulting situation after the triggering          |
|of shares   |to the Triggering   |transaction(vii)                                  |
|            |transaction (vi)    |                                                  |
|if possible  --------- ---------- ----------- --------------------- ---------------- 
|using the   |Number of|Number of |Number of  |Number of voting     |% of voting     |
|ISIN CODE   |Shares   |Voting    |shares     |rights ix            |rights          |
|            |         |Rights     ----------- ---------- ---------- ------- -------- 
|            |         |viii      |Direct     |Direct x  |Indirect  |Direct |Indirect|
|            |         |          |           |          |xi        |       |        |
 ------------ --------- ---------- ----------- ---------- ---------- ------- -------- 
|  B0LCW20   |   N/A   |   N/A    |13,000,000 |13,000,000|  9,390   | 3.922 | 0.003  |
 ------------ --------- ---------- ----------- ---------- ---------- ------- -------- 

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|B: Financial Instruments                                                          |
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|Resulting situation after the triggering transaction xii                          |
 ---------------- ----------- ------------------- -------------------- ------------ 
|Type of         |Expiration |Exercise/          |Number of voting    |% of voting |
|financial       |date xiii  |Conversion Period/ |rights that may be  |rights      |
|instrument      |           |Date xiv           |acquired if the     |            |
|                |           |                   |instrument is       |            |
|                |           |                   |exercised/          |            |
|                |           |                   |converted.          |            |
 ---------------- ----------- ------------------- -------------------- ------------ 
|                |           |                   |                    |            |
 ---------------- ----------- ------------------- -------------------- ------------ 

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|Total (A B)                                                                    |
 -------------------------------------- ---------------------------------------- 
|Number of voting rights               |% of voting rights                      |
 -------------------------------------- ---------------------------------------- 
|              13,009,390              |                 3.924                  |
 -------------------------------------- ---------------------------------------- 


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|9. Chain of controlled undertakings through which the voting rights and/or   |
|the financial instruments are effectively held, if applicable xv:            |
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|                                                                             |
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|Proxy Voting:                                                                |
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|10. Name of the proxy holder:                   |                            |
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|11. Number of voting rights proxy holder will   |                            |
|cease to hold:                                  |                            |
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|12. Date on which proxy holder will cease to    |                            |
|hold voting rights:                             |                            |
 ------------------------------------------------ ---------------------------- 

 -------------------------------- -------------------------------------------- 
|13. Additional information:     |                                            |
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|14. Contact name:               |Philip Mason                                |
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|15. Contact telephone number:   |01444 418127                                |
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