RNS Number:6981K
Pillar Property PLC
02 May 2003

2 May 2003


                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES

Pillar Property PLC ("Pillar") announces that as at 29 April 2003, its holding
in the following trusts and their unit values were as follows:


                                         Portfolio     Net unit     Net unit     Pillar      Pillar      Pillar
                                         valuation       value       value        Share      Share       share
                                         #million        April       March        April      April       March
                                                           #           #       No of units % holding       %
                                                                                                         holding

Hercules Unit Trust                      1,830.6          683         667        593,418      41.36       41.85

City of London Office Unit Trust          627.0           480         481        151,326     35.94        35.94

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

Gavin Anderson and Company                             Tel: 020 7554 1400
Charlotte Stone



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