Holding(s) in Company

TR Property Investment Trust PLC
02 September 2002


                                  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 - 43,291,359

 POSSFUND NOMINEES LIMITED - 1,711,039

 CHASE NOMINEES LIMITED - 575,560

 TOTAL - 45,577,958



5. Number of shares / amount of stock acquired
 -



6. Percentage of issued class
 -



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
 2 SEPTEMBER 2002



12. Total holding following this notification
 45,577,958



13. Total percentage holding of issued class following this notification
 BRITEL FUND NOMINEES LIMITED - 10.009%

 POSSFUND NOMINEES LIMITED - 0.396%

 CHASE NOMINEES LIMITED - 0.133%

 TOTAL: - 10.538%



14. Any additional information
 -



15. Name of contact and telephone number for queries
 MR J S ELLMAN-BROWN, 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
 2 SEPTEMBER 2002



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