RNS Number:9836K
Pillar Property PLC
12 May 2003

Pillar Property plc (the "Company")



12 May 2003



Holding in Company



The Company received the following notification dated 8 May from Fidelity
Investments today.



NOTIFICATIONS UNDER SECTIONS 198 TO 202 - U.K. 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 authorised unit
trust schemes in the U.K., notwithstanding the exemption from reporting pursuant
to Section 209 (1)(h) of the Companies Act 1985 (the "Act").



5. These notifications of disclosable interests constitute separate
notifications of interest in the shares and are combined solely for the purposes
of clarity.  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 section 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.



Schedule A

Security: Pillar Property Plc

                        Ordinary Shares          Management    Nominee/Registered Name
                                                  Company

                               11,888               FMTC       State Street Nominees Ltd.
                                7,828               FMTC       Brown Brothers Harriman

                                6,900               FMTC       State Street Bank & Trust
                              1,355,432             FISL       Chase Nominees Ltd
                               86,054               FPM        Citibank
                               262,291              FPM        Chase Nominees Ltd
                               303,482              FPM        Bankers Trust
                               53,402               FPM        State Street Nominees Ltd
                               182,947              FPM        HSBC Client Holdings Nominees (UK) Limited
                               17,832               FPM        MSS Nominees Ltd
                               24,004               FPM        Mellon Nominees Ltd
                               24,168               FPM        BT Globenet Nominees Ltd
                               49,436               FPM        HSBC
                               79,496               FPM        Bank of New York London
                               350,793              FIL        RBS Trust Bank
                               294,297              FIL        Bankers Trust
                               623,239              FIL        Chase Nominees Ltd
                               108,696              FIL        MSS Nominees Ltd
                               444,715              FIL        Nortrust Nominees
                               55,263               FIL        BT Globenet Nominees Ltd
                               387,296              FIL        State Street Nominees Ltd
                               826,109              FIL        Northern Trust
                              1,030,391             FIL        Bank of New York London
                              1,237,464             FIL        JP Morgan
                               198,800              FIL        Morgan Stanley
                               266,487              FIL        State Street Bank & Trust
                               296,239              FIL        Bank of New York Brussels
                               22,900               FIL        Deutche Bank
                               25,600               FIL        Mellon Nominees Ltd
Total ordinary shares         8,633,449
Current ownership               7.95%
percentage:
Shares in issue:             108,563,718
Change in holding since  (540,000) ordinary
last filing                    shares




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