RNS Number:0333O
Pillar Property PLC
28 July 2003


Pillar Property plc (the "Company")

28 July 2003

Holding in Company

The Company received the following notification dated 25 July 2003 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 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 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

                                5,700               FMTC        State Street Bank & Trust
                               722,239              FISL        Chase Nominees Ltd
                               68,115                FPM        Citibank
                               151,747               FPM        HSBC Client Holdings Nominees (UK) Limited
                               40,639                FPM        HSBC
                               62,924                FPM        Bank of New York London
                               376,809               FIL        Bankers Trust
                               343,039               FIL        Chase Nominees Ltd
                               61,507                FIL        MSS Nominees Ltd
                               332,995               FIL        Nortrust Nominees
                               250,576               FIL        State Street Nominees Ltd
                               637,129               FIL        Northern Trust
                               673,680               FIL        Bank of New York London
                              1,179,853              FIL        JP Morgan
                               157,356               FIL        Morgan Stanley
                               44,497                FIL        State Street Bank & Trust
                               208,268               FIL        Bank of New York Brussels
                               26,900                FIL        Deutche Bank
                               25,600                FIL        Mellon Nominees Ltd

Total ordinary shares         5,389,289
Current ownership               4.96%
percentage:
Shares in issue:             108,563,718
Change in holding since (1,043,484) ordinary
last filing                    shares


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