Net Asset Value(s)

TR PROPERTY INVESTMENT TRUST PLC

21^st May 2020

NET ASSET VALUES

Ordinary Shares

As at close of business on 20^th May 2020, the unaudited net asset value per Ordinary share including current financial year revenue items was 363.7p (and 363.4p including debt marked at fair value). The unaudited net asset value excluding current financial year revenue items was 352.5p (and 352.2p including debt marked at fair value).

LEI: 549300BPGCCN3ETPQD32