RNS Number:1660S
TR Property Investment Trust PLC
17 November 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
TR PROPERTY INVESTMENT TRUST PLC



2. Name of shareholder having a major interest
M & G INVESTMENT MANAGEMENT LIMITED



3. Please state whether notification indicates that it is in 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
AS IN 2 ABOVE



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
PRUCLT HSBC GIS NOM (UK) PAC AC - 14,200,000



5. Number of shares / amount of stock acquired
NOT NOTIFIED



6. Percentage of issued class
NOT NOTIFIED



7. Number of shares / amount of stock disposed
NOT NOTIFIED



8. Percentage of issued class
NOT NOTIFIED



9. Class of security
ORDINARY 25P SHARES



10. Date of transaction
NOT NOTIFIED



11. Date company informed
17 NOVEMBER 2003



12. Total holding following this notification
14,200,000



13. Total percentage holding of issued class following this notification
4.00%



14. Any additional information
NOTIFICATION DUE TO REDUCTION OF ISSUED SHARE CAPITAL FOLLOWING RECENT BUYBACK



15. Name of contact and telephone number for queries
MR J S ELLMAN-BROWN, 020 7818 6816



16. Name and signature of authorised company official responsible for making
this notification
MR J S ELLMAN-BROWN, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES 
LIMITED, SECRETARY



Date of notification
17 NOVEMBER 2003



The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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

HOLKGMMMVNKGFZM