Holding in Co - Replacement

TR Property Investment Trust PLC
18 June 2001


THIS ANNOUNCEMENT REPLACES RNS 4240F RELEASED TODAY 18 JUNE 2001 AT 12.32 PM.

THE INFORMATION MISSING FROM SECTION 4 AND SECTION 6 OF THE ANNOUNCEMENT BEING
SECTION 4 BRITEL FUND NOMINEES LIMITED - 44,765,279, POSSFUND NOMINEES LIMITED
- 12,329,714, CHASE NOMINESS LIMITED - 641,703, TOTAL - 57,736,696, INSTEAD OF
POSSFUND NOMINEES LIMITED - 12,329,714. IN SECTION 6 THE ANNOUNCEMENT BEING
BRITEL FUND NOMINEES LIMITED - 10.417%, POSSFUND NOMINEES LIMITED - 2.869%,
CHASE NOMINEES LIMITED - 0.149%, TOTAL - 13.436%, INSTEAD OF POSSFUND NOMINEES
LIMITED - 2.869%.



                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company
TR PROPERTY INVESTMENT TRUST PLC


2) Name of shareholder having a major interest
HERMES INVESTMENT MANAGEMENT


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
AS IN 2 ABOVE


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
BRITEL FUND NOMINEES LIMITED - 44,765,279

POSSFUND NOMINEES LIMITED - 12,329,714

CHASE NOMINEES LIMITED - 641,703

TOTAL - 57,736,696



5) Number of shares/amount of stock acquired
-


6) Percentage of issued class
BRITEL FUND NOMINEES LIMITED - 10.417%

POSSFUND NOMINEES LIMITED - 2.869%

CHASE NOMINEES LIMITED - 0.149%

TOTAL - 13.436%


7) Number of shares/amount of stock disposed
NOT NOTIFIED


8) Percentage of issued class
-


9) Class of security
ORDINARY 25P SHARES


10) Date of transaction
NOT NOTIFIED


11) Date company informed
18 JUNE 2001


12) Total holding following this notification
57,736,696



13) Total percentage holding of issued class following this notification
13.436%


14) Any additional information
JOHN ELLMAN-BROWN


15) Name of contact and telephone number for queries
020 7818 6816


16) Name and signature of authorised company official responsible for
making this notification
MR JOHN ELLMAN-BROWN, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES
LIMITED SECRETARY


Date of notification 18 JUNE 2001