Directorate Change

TR Property Investment Trust PLC
25 July 2002


TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

25 JULY 2002


                       TR PROPERTY INVESTMENT TRUST PLC

Following the Annual General Meeting held on 25 July 2002, Mr R R St J Barkshire
and Mr R W Carey retired from the Board of Directors, having served three 3 year
terms.


                                    - ENDS -


Enquiries to:

Chris Turner
Fund Manager, TR Property Investment Trust PLC
Telephone: [phone]


Stephen Westwood
Head of Investment Trusts
Henderson Global Investors
Telephone: [phone]


Stephen Phillips
Investor Relations Manager
Henderson Global Investors
Telephone: [phone]



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