Portfolio Update

Insight Foundation Property Tst Ltd
30 September 2004



Insight Foundation Property Trust Limited
Acquisition of property portfolio
The Insight Foundation Property Trust Limited ('the Company') announces that it
has completed the acquisition of the portfolio of nine properties referred to in
the announcement of the 17th September 2004.

Enquiries:
Duncan Owen (Insight Investment Management) 0207 321 1676
Paul Smith/ Jeff Lanyon (RBSI) 01481 740 820




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