Director Shareholding

Insight Foundation Property Tst Ltd
19 July 2004


Insight Foundation Property Trust Limited ('IFPT')

Dealings by Directors

Pursuant to Listing Rule 16.15, Insight Foundation Property Trust Limited is
obliged to notify the RNS of Directors' holdings or interests of the Directors
or their connected persons in shares of the Company. The following holdings of
ordinary shares were all acquired at the issue price on 16 July 2004, and are
beneficially held by the named Directors:

Andrew Sykes: 19 350 shares



Enquiries:

Paul Smith (RBSI)        01481 743005

END


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