Holding(s) in Co. - Replace

TR Property Investment Trust PLC
7 February 2002


THE ISSUER ADVISES THAT THE FOLLOWING REPLACES THE HOLDING(S) IN COMPANY
ANNOUNCEMENT RELEASED 6 FEBRUARY 2002 AT 15:45 UNDER RNS NUMBER 0841R.

SECTION 4 SHOULD HAVE READ ' BRITEL FUND NOMINEES LIMITED - 44,765,279, (LESS
STOCK ON LOAN FROM BRITEL FUND NOMINEES: 2,300,000), POSSFUND NOMINEES LIMITED -
12,329,714, CHASE NOMINEES LIMITED - 641,703, TOTAL - 55,436,696' AND NOT
'BRITEL FUND NOMINEES LIMITED' AS PREVIOUSLY STATED.

SECTION 6 SHOULD HAVE READ ' BRITEL FUND NOMINEES LIMITED - 10.518%, (LESS STOCK
ON LOAN FROM BRITEL FUND NOMINEES: 0.540%), POSSFUND NOMINEES LIMITED - 2.897%,
CHASE NOMINEES LIMITED - 0.151%, TOTAL - 13.026%' AND NOT '-' AS PREVIOUSLY
STATED.

SECTION 7 SHOULD HAVE READ '-' AND NOT '2,300,000' AS PREVIOUSLY STATED.

SECTION 8 SHOULD HAVE READ '-' AND NOT '0.540%' AS PREVIOUSLY STATED.

SECTION 12 SHOULD HAVE READ '55,436,696' AND NOT '42,465,279' AS PREVIOUSLY
STATED.

SECTION 13 SHOULD HAVE READ '13.026%' AND NOT '9.978%' AS PREVIOUSLY STATED.





ALL FURTHER DETAILS REMAIN UNCHANGED. THE FULL AMENDED TEXT APPEARS BELOW.



                                  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

(LESS STOCK ON LOAN FROM BRITEL FUND NOMINEES: 2,300,000)

POSSFUND NOMINEES LIMITED - 12,329,714

CHASE NOMINEES LIMITED - 641,703

TOTAL - 55,436,696


5) Number of shares/amount of stock acquired
-


6) Percentage of issued class
BRITEL FUND NOMINEES LIMITED - 10.518%

(LESS STOCK ON LOAN FROM BRITEL FUND NOMINEES: 0.540%)

POSSFUND NOMINEES LIMITED - 2.897%

CHASE NOMINEES LIMITED - 0.151%

TOTAL - 13.026%


7) Number of shares/amount of stock disposed
-


8) Percentage of issued class
-


9) Class of security
ORDINARY 25P SHARES


10) Date of transaction
5 FEBRUARY 2002


11) Date company informed
6 FEBRUARY 2002


12) Total holding following this notification
55,436,696



13) Total percentage holding of issued class following this notification
13.026%


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 7 FEBRUARY 2002





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