Net Asset Value(s)

TR Property Investment Trust PLC
21 September 2006


TR PROPERTY INVESTMENT TRUST PLC

21 September 2006


TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 20 September 2006, the unaudited net asset value per
share calculated in accordance with the AITC formula (excluding current
financial year revenue items) was 226.5p and the net asset value per share
including debt marked at fair value was 224.3p.


                                    - ENDS -


For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: [phone]


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