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RNS Number:4147K
ING UK Real Estate Income Trust Ltd
20 December 2007

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying      ING UK Real Estate Income Trust
issuer of existing shares to which voting rights Ltd
are attached:                                    --------------------
2. Reason for the notification (please tick the appropriate box or
boxes)                                                                      -------
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         -------
An event changing the breakdown of voting rights
--------------------------------------------                                -------
Other (please specify):___________________________________________
--------------------------------------------                                -------
3. Full name of person(s) subject to the         Deutsche Bank AG
notification obligation:                         --------------------
4. Full name of shareholder(s) (if different     Deutsche Bank AG
from 3.):
                                                 Tilney Investment Management
                 ------------------------------- --------------------
5. Date of the transaction (and date on which    18/12/2007
the threshold is crossed or reached if           --------------------
6. Date on which issuer notified:                19/12/2007
-------------------------------                  --------------------
7. Threshold(s) that is/are crossed or reached:  Direct 3%
-------------------------------                  --------------------
8. Notified details:
-------------------------------                  --------------------

A: Voting rights attached to shares
Class/type   Situation previous to the  Resulting situation after the triggering transaction
of shares    Triggering transaction
if possible
using the    Number of    Number of     Number of     Number of voting rights    % of voting
ISIN CODE    Shares       Voting Rights shares                                   rights
                                        Direct        Direct        Indirect     Direct  Indirect
GB00B0LCW208  9,343,512    17,178,022    10,073,745    10,073,745    7,810,810    3.05     2.36

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

Total (A B)
Number of voting rights                      % of voting rights
                                17,884,555                                5.41

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

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:                       David Lindsay/Andrew Anderson
15. Contact telephone number:            00 44 207 545 8533/8532


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