Holding(s) in Company

TR Property Investment Trust PLC
5 March 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 - 44,765,279

POSSFUND NOMINEES LIMITED - 12,329,714

CHASE NOMINEES LIMITED - 641,703

(LESS STOCK ON LOAN: 3,890,000)

TOTAL - 53,846,696


5) Number of shares/amount of stock acquired

-

6) Percentage of issued class


7) Number of shares/amount of stock disposed

NOT NOTIFIED

8) Percentage of issued class

-


9) Class of security

ORDINARY 25P SHARES


10) Date of transaction

NOT NOTIFIED

11) Date company informed

5 MARCH 2002


12) Total holding following this notification

53,846,696


13) Total percentage holding of issued class following this notification

BRITEL FUND NOMINEES LIMITED - 10.518%

POSSFUND NOMINEES LIMITED - 2.897%

CHASE NOMINEES LIMITED - 0.151%

(LESS STOCK ON LOAN: 0.914%)

TOTAL - 12.652%


14) Any additional information



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 JOHN ELLMAN-BROWN, FOR AND ON BEHALF OF HENDERSON SECRETARIAL SERVICES
LIMITED, SECRETARY


Date of notification 5 MARCH 2002





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