Holding(s) in Company

RNS Number:5366H
Progressive Geared Income Trust PLC
14 February 2003

                                  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
BFS Managed Properties Ltd


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
Nutraco Nominees Limited


5) Number of shares/amount of stock acquired
Nil


6) Percentage of issued class
-


7) Number of shares/amount of stock disposed
1,000,000


8) Percentage of issued class
2.22%


9) Class of security
Ordinary shares of 5p


10) Date of transaction
10 February 2003


11) Date company informed
14 February 2003


12) Total holding following this notification
2,400,000



13) Total percentage holding of issued class following this notification
5.33%


14) Any additional information
None


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


16) Name of authorised company official responsible for
making this notification
A. Lee
Date of notification 14 February 2003


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