Update regarding FPIL Glanmore Property (P27)

11 April 2012

Further to our March update, Glanmore Property Fund Limited (GPF) have issued a Chairman’s statement advising that they have commissioned a full portfolio valuation from an additional valuer, to better understand the divergence in recent valuations.  As properties will need to be re-inspected to obtain this additional opinion, the review is likely to take a number of weeks to complete.

GPF have also confirmed their intention to hold an EGM in June 2012, to enable shareholders to vote on certain matters required to implement the Fund’s updated redemption policy and future strategy.  The Fund’s Board will lay out in due course the steps it considers necessary to deliver the best outcome for shareholders and also confirm the exact date once set.

As soon as any further details are available we will provide you with an update, but if you have any queries in the meantime, please contact our Funds Marketing & Research Department.

Journalists requiring further information should contact:

fund.research@fpiom.com