Listing Rule 21 - Amendment

TR Property Investment Trust PLC
04 February 2004

The following replaces the Monthly Disclosure announcement below released
yesterday at 16.39 under RNS No: 9710U. The statement indicates that TR Property
Investment Trust plc has holdings in investment companies that have no stated
investment policy to invest no more than 15 % of their gross assets in other
investment companies. We have been informed that Trust of Property Shares
announced such an investment policy on 5 January 2004 at 16.22 under RNS No:
8433T, therefore please disregard the statement below.




HENDERSON GLOBAL INVESTORS


TR PROPERTY INVESTMENT TRUST PLC


3 FEBRUARY 2004






                        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 31 January 2004, 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]




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