RNS Number:6345Y
Property Fund Management plc
15 July 2002


15 July 2002

                          Property Fund Management plc

                               Holding in Company


On 27 May 2002 it was announced that 3i Group plc held a notifiable interest in
746,001 ordinary shares of 5p each in Property Fund Management plc ("the
Company"). Further to this notification, the Company has been notified in a
letter dated 15 July 2002 that whilst the beneficial holding of these shares
remains unchanged, 696,001 of these ordinary shares have now been registered in
the name of BNY (OCS) Nominees Limited a/c 3i plc.



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