Purchase of Own Securities

TR Property Investment Trust PLC
19 July 2002




TR PROPERTY INVESTMENT TRUST PLC

HENDERSON GLOBAL INVESTORS

19 JULY 2002


                        TR PROPERTY INVESTMENT TRUST PLC

                   Market Purchase of Company's Own Warrants


Notification is given that a purchase by the Company of 700,000 warrants was
made today at a price of 16.00p per warrant. Following this re-purchase, the
aggregate number of warrants that have been purchased by the Company to date is
75,659,838 or 80.675% 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 17,252,103 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]




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