RNS Number:2408P
Pillar Property PLC
01 September 2003

1 September 2003

                    PILLAR - HOLDING IN TRUSTS & UNIT VALUES

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

                 Hercules Unit Trust   1,911.9         701        696       578,115      40.29        40.29

    City of London Office Unit Trust   625.1           473        474       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
END
MSCILFIEAIILIIV