Listing Rule 21

TR Property Investment Trust PLC
02 December 2003


HENDERSON GLOBAL INVESTORS
TR PROPERTY INVESTMENT TRUST PLC
2 DECEMBER 2003


                        TR PROPERTY INVESTMENT TRUST PLC

                               MONTHLY DISCLOSURE


In compliance with Listing Rule 21.20(l)(i), TR Property Investment Trust plc
hereby gives notice that, as at 28 November 2003, the Company had the following
holdings in other investment companies that do not have a stated investment
policy to invest no more than 15% of their gross assets in other investment
companies:-

Trust of Property Shares

                                    - ENDS -


Chris Turner
Fund Manager
TR Property Investment Trust plc
Tel: [phone]

Stephen Westwood
Head of Investment Trust
Henderson Global Investors
Tel: [phone]

Stephen Phillips
Associate Director
Henderson Global Investors
Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange      MSCUUANROWRURAA