REG-UK Comm Prop REIT Ltd: Results of EGM

UK Commercial Property REITAnnouncement

18/04/2019 13:10

UK COMMERCIAL PROPERTY REIT LIMITED

LEI: 213800JN4FQ1A9G8EU25

18 APRIL 2019

RESULTS OF EGM

At the Extraordinary General Meeting of the Company held earlier today the
following resolutions in relation to the amendment of the Company's investment
policy and the waiver of the requirements of Rule 9 of the City Code on
Takeovers and Mergers in connection with the Company’s ability to buy back
its own Shares were passed.

1.           THAT the proposed investment objective and policy set
out in the circular to shareholders of the Company dated 29 March 2019, be and
is hereby adopted as the investment policy of the Company to the exclusion of
all previous investment policies of the Company.

2.           THAT the waiver granted by the Panel on Takeovers and
Mergers of the obligations which may otherwise arise, pursuant to Rule 9 of
The City Code on Takeovers and Mergers, for any entity comprising the Concert
Party (as defined in the circular to shareholders of the Company dated 29
March 2019 (the “Circular”)) to make a general offer to the shareholders
of the Company for all of the issued ordinary shares of 25 pence each in the
capital of the Company as a result of the purchase by the Company of up to
194,781,928 ordinary shares of 25 pence each in the capital of the Company
pursuant to the authority granted by the passing of resolution 12 at the
Company’s annual general meeting held on 20 June 2018 and the subsequent
renewal of the authority at the annual general meeting of the Company to be
held in 2019, as more fully described in the Circular, be and is hereby
approved, with such waiver to expire at the conclusion of the annual general
meeting of the Company in 2020 or, if earlier on 20 December 2020.

The total number of proxy votes lodged was as follows:

                   For and discretionary                 Against             Withheld  Total Votes (excl. votes withheld)  
               No. of votes  % of votes cast  No. of votes  % of votes cast                                                
 Resolution 1   905,730,487        100             136             0           3,963               905,730,623             
 Resolution 2   329,591,557       73.60        118,228,858       26.40        716,574              447,820,415             

Please note that a vote withheld is not a vote in law and has not been counted
in the votes for and against a resolution.

For further information please contact:

Will Fulton, Aberdeen Standard Investments
Tel: 0131 245 2799

Graeme McDonald, Aberdeen Standard Investments
Tel: 0131 245 3151



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