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Strategic property holdings in the UK.

Rugby Asset Management undertakes the third-party asset management activities of Rugby Estates Group. Rugby Asset Management is the property adviser to a number of entities which hold property assets with a market value, at 31 January 2010, of more than £250 million. These include ING Covent Garden Limited Partnership, O Twelve Estates Limited and Rugby Estates Investment Trust Plc. (REIT)

Visit the O Twelve website: www.otwelveestates.co.uk

Visit the REIT website: www.rugbyreit.co.uk