Holding in Company - Replace

RNS Number:8906L
Progressive Geared Income Trust PLC
03 June 2003

The following replaces the "Holdings in Company" announcement released today at
17:34 under RNS number 8863L.

In section 2 the name of the shareholder should read "Credit Lyonnais Securities
Limited" and not "Brookdale Global Opportunity Fund".

All other details remain unchanged and the full amended text appears below.



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Progressive Geared Income Trust plc



2) Name of shareholder having a major interest

Credit Lyonnais Securities Limited


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18
The shareholder named in 2 above


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Credit Lyonnais Securities

5) Number of shares/amount of stock acquired
2,650,000


6) Percentage of issued class
5.89%


7) Number of shares/amount of stock disposed
-


8) Percentage of issued class
-


9) Class of security
Ordinary shares of 5p


10) Date of transaction
29 May 2003


11) Date company informed
02 June 2003


12) Total holding following this notification
2,650,000




13) Total percentage holding of issued class following this notification
5.89%


14) Any additional information
None


15) Name of contact and telephone number for queries
A Lee 020 7490 4355


16) Name and signature of authorised company official responsible for
making this notification
A Lee

Date of notification 03 June 2003



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

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