Transaction in Own Shares

TR Property Investment Trust PLC
25 May 2005

TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

25 MAY 2005





                        TR PROPERTY INVESTMENT TRUST PLC

                    Market Purchase of Company's Own Shares



Notification is given that pursuant to the authority granted at the Annual
General Meeting of the Company held on 26 July 2004 to make market purchases of
the Company's own shares of 25p, a market purchase of 750,000 ordinary shares of
25p each in the capital of the Company was made today at a price of 135.5p per
share.

Following this purchase and cancellation there will be 344,050,000 shares in
issue.



                                     -ENDS-

For further information please contact:

C M Turner

Fund Manager

TR Property Investment Trust PLC

Telephone: [phone]

or

Marcus Phayre-Mudge

Deputy Fund Manager

TR Property Investment Trust PLC

Telephone: [phone]


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