Result of AGM

TR Property Investment Trust PLC
26 July 2004

TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

26 JULY 2004




                        TR PROPERTY INVESTMENT TRUST PLC


                         Annual General Meeting held on

                                  26 July 2004




TR Property Investment Trust plc announces that, at the Annual General Meeting
held earlier today, all resolutions proposed were duly passed on a show of
hands, one of which (Resolution 7) was a Special Resolution.

Resolution 7 generally and unconditionally authorises the Company to make market
purchases of its own ordinary shares of 25 pence each up to a maximum of
53,127,001 (being 14.99% of the Company's ordinary shares in issue as at 3 June
2004) at a maximum price per share (exclusive of expenses) not exceeding 105% of
the average middle market quotations for the five business days preceding the
date of purchase.





                                    - ENDS -



For further information please contact:

Chris Turner

Fund Manager

TR Property Investment Trust PLC

Telephone: [phone]


Stephen Westwood

Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]


Stephen Phillips

Investor Relations Manager

Henderson Global Investors

Telephone: [phone]


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