RNS Number:5480J
Pillar Property PLC
02 April 2003

2 April 2003

                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES

Pillar Property PLC ("Pillar") announces that as at 28 March 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        March      February      March      March      February
                                                           #           #       No of units % holding       %
                                                                                                         holding

    Hercules Unit Trust                     1846.8        667         646        600,431      41.85       43.14

    City of London Office Unit Trust         627.0        481         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


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