RNS Number:2114T
TR Property Investment Trust PLC
12 December 2003


HENDERSON GLOBAL INVESTORS

12 DECEMBER 2003


TR PROPERTY INVESTMENT TRUST PLC

As at close of business on 11 December 2003, the unaudited net asset value per
share calculated in accordance with the AITC formula (excluding current
financial year revenue items) was 100.5p.


                                    - ENDS -



For further information, please call:

John Hilton

Investment Trust Accounting Department

BNP Paribas Fund Services UK Limited

Tel: 020 7410 4538




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