RNS Number:4935P
Pillar Property PLC
08 September 2003


Pillar Property Plc (the "Company")
8 September 2003
Holding in Company

The company received the following notification dated 5 September 2003 from
Fidelity Investments today.

Notifications under Sections 198 to 202 - UK Companies Act

1.   Company in which shares are held: Pillar Property Plc


2.   Notifiable Interest: Ordinary Shares


(A)       FMR Corp.

          82 Devonshire Street

          Boston, MA 02109



Parent holding company of Fidelity Management Trust Company (FMTC), a US state
chartered bank which acts as a trustee or investment manager of various pension
and trust accounts.  (See Schedule A for listing of Registered Shareholders and
their holdings).



(B)       Fidelity International Limited (FIL)

          P.O. Box HM 670

          Hamilton HMCX, Bermuda



Parent holding company for various direct and indirect subsidiaries,
including Fidelity Investment Services Ltd. (FISL), and Fidelity Pension
Management (FPM), investment managers for various non-US investment companies
and institutional clients.  (See Schedule A for listing of Registered
Shareholders and their holdings).



3.   The notifiable interests also comprise the notifiable interest of:



            Mr. Edward C. Johnson 3d

            82 Devonshire Street

            Boston, MA 02109



A principal shareholder of FMR Corp. and Fidelity International Limited.



4.   The notifiable interests include interest held on behalf of authorized unit
trust schemes in the U.K., notwithstanding the exemption from reporting pursuant
to Section 209 (1) (h) of the Companies Act 1985.



5.   These notifications of disclosable interest constitute separate
notifications of interests in the shares and are combined solely for the
purposes of clarity and efficiency.  Nothing herein should be taken to indicate
that FMR Corp. and its direct and indirect subsidiaries, Fidelity International
Limited and its direct and indirect subsidiaries or Mr. Edward C. Johnson 3d act
as a group or in concert in respect of the disclosed interests, or that they are
required to submit these notifications on a joint basis.



6.   The disclosable interests arise under 208 (4) (b) of the Act, namely where
a person, not being the registered holder, is entitled to exercise a right
conferred by the holding of the shares or to control the exercise of such
rights, or under section 203 of the Act respectively.



7.   Inasmuch as there is no disclosable interest of 3% or greater of the share
capital, FMR Corp. and its direct and indirect subsidiaries, and Fidelity
International Limited and its direct and indirect subsidiaries have no further
reporting obligation under Section 198 to 202 of the UK Companies Act.  This
statement speaks as of its date, and no inference should be drawn that no change
has occurred in the facts set forth herein after the date hereof.


By Eric D. Roiter

Senior VP & General Counsel - FMR Co.

Duly authorized under Powers of Attorney dated December 30, 1997, by and on
behalf of FMR Corp. and its direct and indirect subsidiaries and Fidelity
International Limited and its direct and indirect subsidiaries.




Schedule A



Security: Pillar Property Plc


                                                            Management company      Nominee/registered name
(Ordinary shares)
                                                     10,188          FMTC                  State Street Nominees Ltd.
                                                      7,228          FMTC                    Brown Brothers Harriman
                                                      5,700          FMTC                   State Street Bank & Trust
                                                    427,441          FISL                      Chase Nominees Ltd.
                                                     18,982           FPM                           Citibank
                                                    151,747           FPM     HSBC Client Holdings Nominee (UK) Limited
                                                     10,981           FPM                             HSBC
                                                     21,957           FPM                    Bank of New York London
                                                    376,809           FIL                         Bankers Trust
                                                    270,263           FIL                      Chase Nominees Ltd.
                                                     14,383           FIL                       MSS Nominees Ltd.
                                                     80,493           FIL                     Nortrust Nominees Ltd
                                                     55,454           FIL                  State Street Nominees Ltd.
                                                    202,734           FIL                        Northern Trust
                                                    416,119           FIL                    Bank of New York London
                                                  1,033,973           FIL                           JP Morgan
                                                     35,285           FIL                        Morgan Stanley
                                                     20,012           FIL                   State Street Bank & Trust
                                                     35,887           FIL                   Bank of New York Brussels

Total ordinary shares                             3,195,636

Current ownership percentage                          2.94%

Shares in issue                                 108,563,718

Change in holdings since last filing:             (610,789)     ordinary shares


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

HOLBGGDCDXGGGXI