Holding(s) in Company

TR Property Investment Trust PLC
6 February 2002

                                  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
HERMES INVESTMENT MANAGEMENT


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
BRITEL FUND NOMINEES LIMITED




5) Number of shares/amount of stock acquired
-


6) Percentage of issued class
-


7) Number of shares/amount of stock disposed
2,300,000


8) Percentage of issued class
0.540%


9) Class of security
ORDINARY 25P SHARES


10) Date of transaction
5 FEBRUARY 2002


11) Date company informed
6 FEBRUARY 2002


12) Total holding following this notification
42,465,279



13) Total percentage holding of issued class following this notification
9.978%


14) Any additional information
JOHN ELLMAN-BROWN


15) Name of contact and telephone number for queries
020 7818 6816


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


Date of notification 6 FEBRUARY 2002





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