RNS Number:8203L
Pillar Property PLC
02 June 2003

2 June 2003





                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES



Pillar Property PLC ("Pillar") announces that as at 29 May 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        May         April         May        May         April
                                                          #            #       No of units  % holding       %
                                                                                                         holding

                Hercules Unit Trust         1,840.8      689          683        587,678     40.96        41.36

   City of London Office Unit Trust           625.1      475          480        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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