Net Asset Value(s)

TR Property Investment Trust PLC
01 April 2008

TR PROPERTY INVESTMENT TRUST PLC





1st April 2008



NET ASSET VALUES



Ordinary Shares



As at close of business on 31st March 2008, the unaudited net asset value per
ordinary share calculated in accordance with the AIC formula (excluding current
financial year revenue items) was 216.7p and the net asset value per ordinary
share including debt market at fair value was 214.7p.



Sigma Shares



As at close of business on 31st March 2008, the unaudited net asset value per
Sigma share calculated in accordance with the AIC formula (excluding current
financial year revenue items) was 107.5p and the net asset value per Sigma share
including debt market at fair value was 106.5p





The properties held in the Ordinary Share portfolio were externally revalued on
31 March 2008 and these values have been reflected in producing the above net
asset valuations. The total value of the properties, which were all last
revalued at the end of September 2007, fell by £4.7m or 6.3% from £74.2m to
£69.5m. The major change in the portfolio over the period was the sale of the
Slough office building for £18.5m announced in October 2007.



The full results for the year to 31st March 2008 are due to be published on 28th
May 2008.








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