Sigma Special Dividend

TR Property Investment Trust PLC
27 September 2007





TR Property Sigma Share Class - Special Dividend



TR Property Investment Trust plc - Sigma Share Class is pleased to announce a
Special Dividend of 1.1p per share to be paid on 12th October 2007 to Sigma
shareholders on the register at 5th October 2007. The shares will be quoted
ex-dividend on 3rd October 2007.



The Special Dividend arises as a result of accrued earnings included in the
Calculation Date NAV for the Conversion of Ordinary shares into Sigma shares on
the creation of the Sigma share class.



Commenting on the Special Dividend payment, the Chairman of the Trust, Peter
Salsbury, said 'The Trust receives a substantial proportion of its dividend
income in the second quarter of a calendar year. The Sigma share class was
created in July mainly through conversion of Ordinary Shares and the NAV at the
time of conversion included a significant level of accrued current financial
year earnings. The special dividend announced today is a non-recurring payment
of these 'inherited' earnings. The Sigma share pool of assets will focus on
investments in property companies with a market capitalisation of less than £1
billion. The nature of these investments means that the Sigma shares are
expected to pay a lower dividend pro-rata than that payable on the Ordinary
shares in future financial periods.'



The Special Dividend is payable to the holders of the Sigma Share Class ONLY.
The Board expects to announce interim dividend payments for both share classes
with the interim results due to be released on 21 November 2007.





For further information contact:



Marcus Phayre-Mudge

TR Property Investment Trust plc

0207 360 1331



Joanne Elliott

TR Property Investment Trust Plc

0207 360 1334








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