UK Commercial Property REIT Limited

Personnel update from investment manager

1 September 2021

The Board of UK Commercial Property REIT (the "Company") has been informed by its Investment Manager, Aberdeen Standard Fund Managers Limited, that Will Fulton, the Company's lead manager, will be taking a temporary break from his role with the Company while he undertakes a course of treatment for a medical condition.

Kerri Hunter has been appointed as Interim Fund Manager to the Company, joining Jamie Horton as Deputy Fund Manager and the existing members of the investment team who will continue to manage the assets of the Company. Kerri has over 25 years' experience in the property market, 22 years of which is in fund management and includes working on both investment trusts and open ended funds.  She has worked for the Investment Manager (incl. acquired companies) for 18 years.

Ken McCullagh, Chair of UKCM, commented: "The Board wishes Will well in his treatment and looks forward to his return to re-join the team in the near future."

ENDS

For further information please contact:

Richard Sunderland / Claire Turvey / Emily Smart / Andrew Davis, FTI Consulting                                 

Tel: 020 3727 1000

Email: UKCM@fticonsulting.com

Notes to Editors - UK Commercial Property REIT

UK Commercial Property REIT is a FTSE 250 Real Estate Investment Trust listed on the London Stock Exchange. It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in and managing a £1.21 billion (as at 30 June 2021) diversified portfolio. The portfolio has a strong bias towards prime, institutional quality properties and is diversified by location and sector across the UK.

* The Company is managed and advised by Standard Life Investments (Corporate Funds) Limited (the Company's appointed AIFM).

Further information on the Company's investment policies, the types of assets in which the Company may invest, the markets in which it invests, borrowing limits as well as details of its management, administration and depositary arrangements can be found in the Company's Annual Report and Investor Disclosure Document. The above documents are available on the Company's website www.UKCPREIT.com. Paper copies of these documents are available on request, free of charge, via the contact details outlined on the website.

Property is a relatively illiquid asset class, the valuation of which is a matter of opinion. There is no recognised market for property and there can be delays in realising the value of property assets. Investors should be aware that past performance is not a guide to future results. The value of investments, and the income from them, can go down as well as up, and an investor may get back less than the amount invested.

For further information on UK Commercial Property REIT, please visit www.UKCPREIT.com.