For filings with the FCA include the annex

For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


1. Identity of the issuer or the underlying issuer                   F&C UK Real Estate
of existing shares to which voting rights are                         Investments Ltd
attached:ii

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                            x

An acquisition or disposal of qualifying financial instruments which may result
in theacquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                               Schroders plc
notification obligation:iii

4. Full name of shareholder(s)
 (if differentfrom 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                                        25.11.14
reached:v

6. Date on which issuer notified:                                        26.11.14

7. Threshold(s) that is/are crossed or                                   Above 5%
reached:vi, vii



8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of    Situation previous  Resulting situation after the triggering
shares           to the triggering   transaction
                 transaction

if possible      Number    Number    Number     Number of voting     % of  voting
using            of        of        of shares  rights               rightsx
the ISIN CODE    Shares    Voting
                           Rights    Direct     Directxi Indirectxii Direct   Indirect

    Ordinary

  GB00B012T521   Below 5%  Below 5%  12,210,178   N/A    12,210,178    N/A      5.289%





B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration  Exercise/             Number of voting       % of voting
instrument         datexiii    Conversion Periodxiv  rights that may be     rights
                                                     acquired if the
                                                     instrument is
                                                     exercised/ converted.






C: Financial Instruments with similar economic effect to Qualifying Financial
Instrumentsxv, xvi

Resulting situation after the triggering transaction

Type of    Exercise Expiration  Exercise/     Number of voting rights    % of voting
financial  price    datexvii    Conversion    instrument refers to       rightsxix, xx
instrument                      periodxviii


                                                                         Nominal   Delta




Total (A+B+C)

Number of voting rights                   Percentage of voting rights

     12,210,178                                    5.289%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:xxi

Schroder Investment Management Limited                   12,158,598      5.267%

Schroder & Co. Limited                                       51,580      0.022%


Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:
              The shares referred to in section 9 are held in portfolios managed by
13.           those firms on a discretionary basis for clients under investment
Additional    management agreements. This disclosure has been calculated based on issue
information:  share capital amount 230,855,539

14. Contact Name:                        Shaheen Hussain

15. Contact Telephone Number:            +44 207 658 6000