Listing Rule 15.4.10(2)

TR Property Investment Trust PLC
04 July 2005


TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

4 JULY 2005


                        TR PROPERTY INVESTMENT TRUST PLC

                            Listing Rule 15.4.10(2)


In accordance with paragraph 15.4.10(2) of the Listing Rules, TR Property
Investment Trust plc announces its ten largest investments, including all
investments with a value greater than 5% of its gross assets, as at 30 June
2005:

Company

Land Securities*
British Land*
Hammerson*
Rodamco Europe
Castellum
Slough Estates
Liberty International
St Modwen
Big Yellow Group
Unibail

     
*    All investments with a value greater than 5% of its gross assets


                               -          ENDS -


For further information, please call:

Chris Turner
TR Property Investment Trust plc
Telephone: [phone]

Marcus Phayre-Mudge
TR Property Investment Trust plc
Telephone: [phone]



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