Invista Foundation Property Trust Ltd. : Invista Real Est Inv. Mgt Hldgs PLC - Termination of Investment Management Agreements

Invista today announces that Invista Real Estate Investment Management Limited ("IREIM"), a wholly owned subsidiary of Invista, has entered into early termination agreements with each of Invista Foundation Property Trust Limited ("IFPT" and the "IFPT ETA") and The Equitable Life Assurance Society ("ELAS" and the "ELAS ETA") in respect of assets managed by IREIM on behalf of IFPT and ELAS, respectively.

Pursuant to the IFPT ETA, the investment management by IREIM of IFPT will terminate and will be transferred to Schroder Property Investment Management Limited ("Schroders") with effect from 13 January 2012.  Under the terms of the IFPT ETA, IREIM will receive a cash compensation payment of £0.3 million from IFPT and several of IREIM's employees are expected to join Schroders.

Under the ELAS ETA, the investment management of ELAS will terminate with effect from 13 January 2012.

As at 30 June 2011, the Company managed £376 million of assets under the investment management agreement with IFPT and £284m of assets under the investment management agreement with ELAS, generating revenues of £1.9 million and £0.7 million respectively for the six months to 30 June 2011.

As a result of the agreements and other contracts having concluded since 30 June 2011, Invista now has estimated pro forma assets under management as at 31 December 2011 of £185 million.