tailieunhanh - INTERIM MANAGEMENT STATEMENT AND DIVIDEND ANNOUNCEMENT

Canadian GAAP requires the use of bid prices for long positions and ask prices for short positions in the fair valuation of investments traded in an active market, rather than the use of closing prices currently used for the purpose of determining Net Asset Value (“NAV”). For investments that are not traded in an active market, Canadian GAAP requires the use of valuation techniques, incorporating factors that market participants would consider in setting a price. The NAV is the fair value of the total assets of a Fund less the fair value of its total liabilities at a Valuation Date (the “Valuation Date” is each day on which the Toronto Stock Exchange. | OUpha Real Trust 13 February 2013 INTERIM MANAGEMENT STATEMENT AND DIVIDEND ANNOUNCEMENT Alpha Real Trust Limited ART or the Company today publishes its interim management statement for the quarter ending 31 December 2012 and the period up until the date of this announcement. The information contained herein has not been audited. Reflecting the progress made by the Company in making income producing investments the Board has decided to declare a dividend of per share to all shareholders out of earnings. The current intention of the Company is to pay a dividend semi-annually. Highlights NAV per share 30 September 2012 Adjusted earnings per share of for the nine months to 31 December 2012 Completion of the Property Investment Portfolio PLC investment portfolio acquisition Europip Refinancing of the million NOK 536 million portfolio of Norwegian commercial real estate with a senior debt facility of million NOK 340 million Europip million million of net proceeds from the sale of the Paris office asset at above book value H2O Nike is in the process of fitting out its new destination outlet store at the H2O shopping centre store opening anticipated at the end of February 2013 market beating visitor footfall increases recorded in 2012 AURE extension of the term for million of senior debt finance on its portfolio of UK commercial real estate until 31 December 2013 93 of the Company s investment portfolio is in income producing investments in the UK and Europe Investment market commentary There are some grounds for optimism that improving foundations are being laid for sustainable economic growth but it is too early to rule out some more bumps on the road to recovery during the year ahead. Financial market strains in the eurozone appeared to soften in the latter part of 2012 and this has continued into the first part of 2013. 1 OUpha Real Trust There are some bright spots in the economic data . UK office-based jobs numbers