RNS Number:7972L
Pillar Property PLC
02 June 2003

Pillar Property plc (the "Company")

2 June 2003

Holding in Company



The Company received the following notification dated 30 May from Fidelity
Investments on 30 May 2003.



NOTIFICATIONS UNDER SECTIONS 198 TO 202 - U.K. COMPANIES ACT



1. Company in which shares are held:    Pillar Property plc



2. Notifiable Interest:    Ordinary Shares



(A)



FMR Corp.

82 Devonshire Street

Boston, MA 02109



Parent holding company of Fidelity Management Trust Company (FMTC), a US state
chartered bank which acts as a trustee or investment manager of various pension
and trust accounts.  (See Schedule A for listing of Registered Shareholders and
their holdings.)



(B)



Fidelity International Limited (FIL)
P.O. Box HM 670

Hamilton HMCX, Bermuda



Parent holding company for various direct and indirect subsidiaries, including
Fidelity Investment Services Ltd. (FISL), and Fidelity Pension Management (FPM),
investment managers for various non-US investment companies and institutional
clients. (See Schedule A for listing of Registered Shareholders and their
holdings.)



3. The notifiable interests also comprise the notifiable interest of:



Mr. Edward C. Johnson 3d

82 Devonshire Street

Boston, MA 02109



A principal shareholder of FMR Corp. and Fidelity International Limited.



4. The notifiable interests include interest held on behalf of authorised unit
trust schemes in the U.K., notwithstanding the exemption from reporting pursuant
to Section 209 (1)(h) of the Companies Act 1985 (the "Act").



5. These notifications of disclosable interests constitute separate
notifications of interest in the shares and are combined solely for the purposes
of clarity.  Nothing herein should be taken to indicate that FMR Corp. and its
direct and indirect subsidiaries, Fidelity International Limited and its direct
and indirect subsidiaries or Mr. Edward C. Johnson 3d act as a group or in
concert in respect of the disclosed interests, or that they are required to
submit these notifications on a joint basis.



6. The disclosable interests arise under section 208 (4)(b) of the Act, namely
where a person, not being the registered holder, is entitled to exercise a right
conferred by the holding of the shares or to control the exercise of such
rights, or under section 203 of the Act respectively.



Schedule A

Security: Pillar Property Plc

                        Ordinary Shares          Management     Nominee/Registered Name
                                                   Company

                               11,888               FMTC        State Street Nominees Ltd.
                                7,828               FMTC        Brown Brothers Harriman

                                5,700               FMTC        State Street Bank & Trust
                              1,029,038             FISL        Chase Nominees Ltd
                               86,054                FPM        Citibank
                               182,947               FPM        HSBC Client Holdings Nominees (UK) Limited
                               49,436                FPM        HSBC
                               79,496                FPM        Bank of New York London
                               294,297               FIL        Bankers Trust
                               457,592               FIL        Chase Nominees Ltd
                               108,696               FIL        MSS Nominees Ltd
                               425,023               FIL        Nortrust Nominees
                               387,296               FIL        State Street Nominees Ltd
                               782,265               FIL        Northern Trust
                               805,702               FIL        Bank of New York London
                              1,237,464              FIL        JP Morgan
                               198,800               FIL        Morgan Stanley
                               50,018                FIL        State Street Bank & Trust
                               246,405               FIL        Bank of New York Brussels
                               22,900                FIL        Deutche Bank
                               25,600                FIL        Mellon Nominees Ltd

Total ordinary shares         6,494,445

Current ownership               5.98%
percentage:

Shares in issue:             108,563,718

Change in holding since  (802,353) ordinary
last filing                    shares




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