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REG-UK Comm Prop Tst Ltd: Result of AGM <Origin Href="QuoteRef">UKCM.L</Origin>

UK COMMERCIAL PROPERTY TRUST LIMITED                      

 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 45387)                                 

                       Result of Annual General Meeting                        

                                 16 June 2015                                  

At the Annual General Meeting of the Company held on 16 June 2015, all Ordinary
Resolutions set out in the AGM Notice sent to shareholders dated 30 April 2015
were duly passed and, the following Special Resolutions were passed;

SPECIAL RESOLUTION 1

IT WAS RESOLVED that the Directors of the Company be and they are hereby
generally empowered, to allot ordinary shares in the Company or grant rights to
subscribe for, or to convert securities into, ordinary shares in the Company
("equity securities"), for cash including by way of a sale of ordinary shares
held by the Company as treasury shares, as if any pre-emption rights in
relation to the issue of shares as set out in the listing rules made by the
Financial Services Authority under Part VI of the Financial Services and
Markets Act 2000 (as amended) did not apply to any such allotment of equity
securities, provided that this power:

(a) expires at the conclusion of the next Annual General Meeting of the Company
after the passing of this resolution or on the expiry of 15 months from the
passing of this resolution, whichever is the earlier, save that the Company
may, before such expiry, make an offer or agreement which would or might
require equity securities to be allotted after such expiry and the Directors
may allot equity securities in pursuance of any such offer or agreement as if
the power conferred hereby had not expired; and

(b) shall be limited to the allotment of equity securities up to an aggregate
nominal value of £32,485,312 being approximately 10 per cent of the nominal
value of the issued share capital of the Company (including treasury shares),
as at 13 April 2015.

SPECIAL RESOLUTION 2

IT WAS RESOLVED that the Company, be authorised in accordance with section 315
of The Companies (Guernsey) Law, 2008, as amended, (the 'Law') to make market
acquisitions within the meaning of section 316(I) of the law of its own
ordinary shares of 25p each ("shares") (either for retention as treasury shares
for future resale of transfer or cancellation), provided that:

 i. the maximum number of Shares hereby authorised to be acquired shall be
    equal to 14.99 per cent of the Company's issued share capital on the date
    on which this resolution is passed;
     
ii. the minimum price (exclusive of expenses) which may be paid for a Share is
    25p, being the nominal value per share;
     
iii. the maximum price (exclusive of expenses) which may be paid for a Share
    shall not be more than the higher of (i) an amount equal to 105 per cent of
    the average of the middle market quotations for a Share taken from the
    London Stock Exchange's Daily Official List for the five business days
    immediately preceding the day on which the Share is purchased and (ii) the
    higher of the last independent trade and the highest current independent
    bid on the London Stock Exchange;
     
iv. the authority hereby conferred shall expire at the conclusion of the Annual
    General Meeting of the Company to be held in 2016 or, if earlier, on the
    expiry of 15 months from the passing of this resolution, unless such
    authority is renewed prior to such time; and
     
 v. the Company may make a contract to purchase Shares under the authority
    hereby conferred prior to the expiry of such authority which will or may be
    executed wholly or partly after the expiration of such authority and may
    make a purchase of Shares pursuant to any such contract.

SPECIAL RESOLUTION 3

IT WAS RESOLVED THAT:

        (a) paragraph 3 of the memorandum of association of the Company be
deleted in its entirety and replaced as follows:

"3. The objects and powers of the Company are not restricted.";
 

(b) paragraph 5 of the memorandum of association of the Company be deleted in
its entirety and replaced as follows:

"5. The Company is a non-cellular company.";

(c)   paragraphs 6, 7 and 8 of the memorandum of association of the Company be
deleted in their entirety; and

(d)  so as to incorporate all conforming changes to the new Memorandum of
Incorporation presented at the meeting and initialled by the Chairman of the
meeting for the purpose of identification.

SPECIAL RESOLUTION 4

IT WAS RESOLVED that the Articles of Incorporation presented at the meeting and
initialled by the Chairman of the meeting for the purpose of identification be
adopted as the Articles of Incorporation of the Company in substitution for,
and to the exclusion of, the existing Articles of Association.

Copies of the Special Resolutions have been submitted to the National Storage
Mechanism and will shortly be available for inspection at www.hemscott.com/
nsm.do

All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: 01481 745001



END



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