Portfolio Update

TR Property Investment Trust PLC
04 July 2006

TR PROPERTY INVESTMENT TRUST PLC


4 JULY 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 30 June 2006.
Holdings with a value greater than 5% of gross assets are marked *.


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



                                    - ENDS -



For further information, please call:



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






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