Holding(s) in Company

RNS Number:4012R
Progressive Geared Income Trust PLC
28 October 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
Allied Irish Banks plc


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
Rood Nominees


5)   Number of shares/amount of stock acquired
-


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
27 October 2003


11)  Date company informed
28 October 2003


12)  Total holding following this notification
1,455,000



13)  Total percentage holding of issued class following this notification
3.23%


14)  Any additional information
-


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


16)  Name of authorised company official responsible for
     making this notification
Anthony Lee


     Date of notification 28 October 2003





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