RNS Number:4121I
UK Balanced Property Trust Ltd(The)
06 March 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
The UK Balanced Property Trust Limited

2. Name of shareholder having a major interest
Reliance Mutual Insurance Society Limited

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18
As above - 2

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
HSBC Global Custody Nominee UK Limited

5. Number of shares / amount of stock acquired
N/A

6. Percentage of issued class
N/A

7. Number of shares / amount of stock disposed
250,000

8. Percentage of issued class
0.17%

9. Class of security
Ordinary Shares

10. Date of transaction
28/02/03

11. Date company informed
05/03/03

12. Total holding following this notification
7,300,000 shares

13. Total percentage holding of issued class following this notification
4.866%

14. Any additional information
 N/A

 15. Name of contact and telephone number for queries
Company Secretary +44 1481 720321

16. Name and signature of authorised company official responsible for making
this notification
Patrick Farncombe

Date of notification
06.03.03

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