Holding(s) in Company

TR Property Investment Trust PLC
20 March 2007


TR-1(i):               Notification of major interests in shares



1. Identity of the issuer or the underlying issuer of existing            TR Property Investment Trust PLC
shares to which voting rights are attached(ii):


2. Reason for the notification     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify): CONFIRMATION OF OUR CURRENT POSITION USING THIS STANDARD         (X)
FORM AS REQUIRED BY EUTD REGULATIONS


3. Full name of person(s) subject to the notification                 Prudential plc group of companies
obligation(iii):


4. Full name of shareholder(s) (if different from 3.)(iv):                      See attached schedule


5. Date of the transaction (and date on which the threshold is                       16-MAR-2007
crossed or reached if different)(v):


6. Date on which issuer notified:                                                    19-MAR-2007


7. Threshold(s) that is/are crossed or reached:                                           3%


8. Notified details:




A: Voting rights attached to shares

Class/type of       Situation previous to the   Resulting situation after the triggering transaction(vii)
shares              Triggering transaction (vi)
                     Number of     Number of       Number of    Number of voting rights     % of voting

(if possible using     Shares    Voting Rights      shares                 ix                 rights
the ISIN CODE)                        viii          Direct        Direct  x    Indirect   Direct  Indirect
                                                                                  xi
GB0009064097        12,291,551   12,291,551     12,291,551      12,291,551               3.63%


B: Financial Instruments

Resulting situation after the triggering transaction xii

 Type of financial   Expiration date   Exercise/ Conversion     Number of voting rights     % of voting
     instrument           xiii           Period/ Date xiv       that may be acquired if        rights
                                                                   the instrument is
                                                                 exercised/ converted.

        N/A          N/A                        N/A            N/A                        N/A


Total (A+B)
Number of voting rights                            % of voting rights
12,291,551                                         3.63%







9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:

Prudential plc (parent Company)

The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)


Proxy Voting:

10. Name of the proxy holder:                                      N/A

11. Number of voting rights proxy holder will cease to hold:       N/A

12. Date on which proxy holder will cease to hold voting rights:   N/A

13. Additional information:                 None

14. Contact name:                           Emma Thompson

15. Contact telephone number:               020 7548 2293

FSA ONLY  (020 7066 0050)


Annex Notification Of Major Interests In Shares xvi

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)           M&G Investment Management Limited

Contact address (registered office for legal entities)        Governors House, Laurence Pountney Hill,
                                                              London EC4R 0HH

Phone number                                                  020 7548 2293

Other useful information (at least legal representative for
legal persons)


B: Identity of the notifier, if applicable xvii

Full name                                                     Mark Thomas

Contact address                                               Governors House, Laurence Pountney Hill,
                                                              London EC4R 0HH

Phone number                                                  020 7548 2293

Other useful information (e.g. functional relationship with   Head of M&G Group Funds Tax and Compliance
the person or legal entity subject to the notification
obligation)

C: Additional information




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