Purchase of Own Securities

TR Property Investment Trust PLC
19 June 2001

TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

19 JUNE 2001


                       TR PROPERTY INVESTMENT TRUST PLC


                  Market Purchase of Company's Own Warrants



Notification is given that a purchase by the Company of 3,000,000 warrants was
made today at a price of 15.125p per warrant. Following this re-purchase, the
aggregate number of warrants that have been purchased by the Company to date
is 14,430,000 or 15.387% of the number of warrants that were in issue at 27
January 2000 when Board approval was given for the Company to be able to
re-purchase its own warrants.


Subsequent to the re-purchase and cancellation there will be 79,087,721
warrants in issue.

                                    -ENDS-

For further information please contact:

C M Turner

Fund Manager

Henderson Investors Limited

Telephone: [phone]

Stephen Westwood

Henderson Investors Limited

Telephone: [phone]

Vicki Staveacre

Henderson Investors Press Office

Telephone: [phone]