RNS Number:5335R
UK Balanced Property Trust Ltd(The)
31 October 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         31 October 2003


Investment Policy

The Board of The UK Balanced Property Trust Limited and its subsidiaries (the
"Group") notes the publication of the Investment Entities (Listing Rules and
Conduct of Business) Instrument 2003 and announces that it is the Groups policy
not to invest in other investment companies (including investment trusts) or
funds.



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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