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Pillar Property (PLL)

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Tuesday 24 May, 2005

Pillar Property

Holding(s) in Company

Pillar Property PLC
24 May 2005



Pillar Property PLC
24 May 2005



SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.      Name of company                                           Pillar Property PLC


2.      Name of shareholder having a major interest               The British Land Company PLC


3.      Please state whether notification indicates that it is in   Beneficial
respect of holding of the shareholder named in 2 above or in
respect of a non-beneficial interest or in the case of an
individual holder if it is a holding of that person's spouse or
children under the age of 18


4.      Name of the registered holder(s) and, if more than one    The British Land Company PLC
holder, the number of shares held by each of them


5.      Number of shares / amount of stock acquired               19,335,710


6.      Percentage of issued class                                21.5%


7.      Number of shares / amount of stock disposed


8.      Percentage of issued class


9.      Class of security                                         Ordinary shares


10.  Date of transaction


11.  Date company informed                                        23 May 2005


12.  Total holding following this notification                    19,335,710


13.  Total percentage holding of issued class following this      21.5%
notification


14.  Any additional information


15.  Name of contact and telephone number for queries             Philip Martin

                                                                  020 7915 8000


16.  Name and signature of authorised company official            Philip Martin
responsible for making this notification






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