RNS Number:2025I
Pillar Property PLC
03 March 2003

3rd March 2003

PILLAR - HOLDING IN TRUSTS & UNIT VALUES

Pillar Property PLC ("Pillar") announces that as at 27 February 2003, its holding in the following trusts and their
unit values were as follows:

                                                                                                                      
                             Portfolio valuation   Net unit value   Net unit value        Pillar      Pillar    Pillar
                                        #million         February          January         Share       Share     share
                                                                #                #      February    February   January
                                                                                     No of units   % holding         %
                                                                                                               holding

  Hercules Unit Trust                    1,864.2              646              632       618,879       43.14     44.82

  City of London Office                    627.0              481              481       151,326       35.94     35.94
             Unit Trust                                                                                                 
        
               
Details of the properties held in each trust are available at www.pillarproperty.com.

Enquiries:

                                                                                       
Pillar Property plc                    Tel: 020 7915 8000 
Humphrey Price, Finance Director                      
Andrew Jones, Director                                

Gavin Anderson and Company             Tel: 020 7554 1400 
Charlotte Stone                                       
 
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