Purchase of Own Securities

TR Property Investment Trust PLC
3 August 2001



TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

03 AUGUST 2001



                       TR PROPERTY INVESTMENT TRUST PLC


                  Market Purchase of Company's Own Warrants



Notification is given that a purchase by the Company of 1,840,000 warrants was
made today at a price of 13.50p per warrant. Following this re-purchase, the
aggregate number of warrants that have been purchased by the Company to date
is 19,920,000 or 21.24% of the number of warrants that were in issue at 27
January 2000 when Board approval was given for the Company to be able to
re-purchase its own warrants.


Subsequent to the re-purchase and cancellation there will be 73,597,721
warrants in issue.

                                    -ENDS-



For further information please contact:

C M Turner

Fund Manager

Henderson Investors Limited

Telephone: [phone]

Stephen Westwood

Henderson Investors Limited

Telephone: [phone]

Vicki Staveacre

Henderson Investors Press Office

Telephone: [phone]