RNS Number:9982M
Pillar Property PLC
01 July 2003


1 July 2003



                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES



Pillar Property PLC ("Pillar") announces that as at 27 June 2003, its holding in
the following trusts and their unit values were as follows:

               Portfolio valuation     Net unit value    Net unit value      Pillar        Pillar      Pillar
                     #million              June               May            Share         Share       share
                                                    #                 #       June          June        May
                                                                          No of units    % holding           %
                                                                                                      holding

 Hercules Unit                1,858               691               689        585,210        40.79      40.96
       Trust

City of London                625.1               474               475        151,326        35.94      35.94
   Office Unit
       Trust


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


Enquiries:

Pillar Property plc                               Tel: 020 7915 8000
Humphrey Price, Finance Director

Gavin Anderson and Company                        Tel: 020 7554 1400

Charlotte Stone










                      This information is provided by RNS
            The company news service from the London Stock Exchange

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