Purchase of Own Securities

TR Property Investment Trust PLC
6 March 2002



TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

6 MARCH 2002



                        TR PROPERTY INVESTMENT TRUST PLC


                   Market Purchase of Company's Own Warrants



Notification is given that a purchase by the Company of 4,250,000 warrants (in
three tranches of 1,100,000, 3,000,000 and 150,000) was made today at a price of
15.125p per warrant. Following this re-purchase, the aggregate number of
warrants that have been purchased by the Company to date is 26,963,500 or 28.75%
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 65,948,441 warrants
in issue.


                                    - ENDS -



For further information please contact:

C M Turner

Fund Manager, TR Property Investment Trust PLC

Telephone: [phone]

Stephen Westwood

Henderson Global Investors

Telephone: [phone]

Vicki Staveacre

Corporate Affairs, Henderson Global Investors

Telephone: [phone]



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