Net Asset Value(s)

TR PROPERTY INVESTMENT TRUST PLC

17^th May 2019

NET ASSET VALUES

Ordinary Shares

As at close of business on 16^th May 2019, the unaudited net asset value per Ordinary share including current financial year revenue items was 431.2p (and 431.0p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 419.2p (and 419.0p including debt marked at fair value).

LEI: 549300BPGCCN3ETPQD32