Director Declaration

TR Property Investment Trust PLC
01 February 2005

TR PROPERTY INVESTMENT TRUST PLC

THAMES RIVER CAPITAL (UK) LIMITED

1 FEBRUARY 2005


                      TR Property Investment Trust plc

                              Director Declaration

Further to the announcement of the appointment of Mr Peter Wolton as a director
of TR Property Investment Trust plc from 31 January 2005, the following
disclosure is  required under the Listing Rules paragraph 16.4:

Paragraph 16.4(a)

Mr Wolton has held the following directorship of a public company in the last
five years:

•         Schroder Japan Growth Fund plc (resigned 13 March 2001)

Mr Wolton has no other items for disclosure under paragraph 16.4.

                                    - ENDS -

For further information, please call:

Chris Turner
Fund Manager
TR Property Investment Trust plc
Tel: [phone]

Marcus Phayre-Mudge
Deputy Fund Manager
TR Property Investment Trust plc
Tel: [phone]


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