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Pillar Property (PLL)

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Wednesday 01 June, 2005

Pillar Property

Holding in Trusts

Pillar Property PLC
01 June 2005


1 June 2005


                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES

Pillar Property PLC ('Pillar') announces that as at 27 May, its holdings in the
following trusts and their unit values were as follows:

                                    Portfolio       Net unit        Net unit         Pillar       Pillar        Pillar
                                    valuation         value          value           Share         Share        share
                                    £million           May           April            May          May          April 
                                                        £              £          
                                                                                      No of        %              %
                                                                                      units      holding        holding
                                                                                             
Hercules Unit Trust                   2,565.4          1,092         1,078           493,793       34.42         34.42
      
City of London Office Unit Trust        581.5            461           462           118,570       35.94         35.94

Austral House Unit Trust                  0.0             37            37            79,077       35.94         35.94
     
Basinghall Street Unit Trust              0.0            100           100            71,888       35.94         35.94
       

Details of the properties held in each trust are available at
www.pillarproperty.com.

Enquiries:

Pillar Property plc                               Tel: 020 7915 8000
Andrew Jones, Director
Martin McGann, Finance Director

Gavin Anderson and Company                        Tel: 020 7554 1400
Charlotte Stone





                      This information is provided by RNS
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