Portfolio Update

TR Property Investment Trust PLC
04 April 2006


TR PROPERTY INVESTMENT TRUST PLC


4 APRIL 2006



                        TR PROPERTY INVESTMENT TRUST PLC

                            Listing Rule 15.4.11 (2)



In accordance with paragraph 15.4.11 (2) of the Listing Rules, TR Property
Investment Trust plc announces its ten largest investments as at 31 March 2006.
Holdings with a value greater than 5% of gross assets are marked *.


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


                                    - ENDS -


For further information, please call:

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






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