RNS Number:3554F
Property Fund Management plc
17 November 2004


                          Property Fund Management plc
                                        
                               Holding in Company
                                        
In accordance with sections 198 to 202 of the Companies Act 1985 (as amended),
Property Fund Management plc ("the Company") has been notified today by
Fidelity International Limited ("FIL") that, pursuant to the offer for the
Company from British Linen Advisers on behalf of Teesland plc, FIL no longer has
a material interest in the share capital of the Company.



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            The company news service from the London Stock Exchange

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