RNS Number:4044I
UK Balanced Property Trust Ltd(The)
06 March 2003

                     THE UK BALANCED PROPERTY TRUST LIMITED

                    (Registered in Guernsey - Number 39171)


                               Registered Office:

                C/o BUTTERFIELD FUND MANAGERS (GUERNSEY) LIMITED

          P.O. BOX 211, BUTTERFIELD HOUSE, THE GRANGE, ST. PETER PORT,

                      GUERNSEY, GY1 3NQ, CHANNEL ISLANDS.

                          ___________________________


                          TELEPHONE: + 44 1481 720321

                          FACSIMILE: + 44 1481 716117

                             e-mail: Funds@bfmgl.gg


Immediate Announcement                                    06 March 2003

Interim Dividend

The UK Balanced Property Trust Limited today announces the fourth dividend
payment to shareholders at 1.517 pence per share paid on the following dates:

Ex-Dividend Date     -     12 March 2003

Record Date          -     14 March 2003

Pay Date             -     30 April 2003



This is the fourth quarterly dividend payment from the Trust which was launched
on the 20th March 2002.

As stated in the circular published by the Company on 21 February 2003, the
Directors expect that a fifth interim dividend will be paid in respect of the
year ending 31 March 2003 of 0.233p per ordinary share (this is not a profit
forecast). It is expected that both the fourth and fifth interim dividends will
be paid on 30 April 2003 and will in aggregate equal 1.75p per share.

All Enquiries:



The Company Secretary

Butterfield Fund Managers (Guernsey) Limited

PO Box 211

Butterfield House

The Grange

St Peter Port

Guernsey

GY1 3NQ

Tel: 01481 720321

Fax: 01481 716117



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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