RNS Number:7353N
TR Property Investment Trust PLC
18 July 2003




TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 17 July 2003, the unaudited net asset value per share
calculated in accordance with the AITC formula (excluding current financial year
revenue items) was 83.8p.


For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: 020 7410 4538





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