The Board of UK Commercial Property REIT Limited (LSE:UKCM) noted the recent media speculation and confirms that it is in receipt of an indicative proposal from Tritax Big Box REIT plc (LSE:BBOX) in relation to a possible all-share offer for the Company (the "Indicative Proposal") on an EPRA NTA for EPRA NTA basis at a common valuation date. The Indicative Proposal is the latest of a series of indicative proposals received from BBOX. The Board of UKCM is reviewing the Indicative Proposal together with its financial adviser, Rothschild & Co US Inc. A further announcement will be made when appropriate.

There can be no certainty either that an offer will be made nor as to the terms of any offer.