Holding(s) in Company

RNS Number:3323T
Westbury Property Fund Limited
20 March 2007


TR-1 notification of major interests in shares
1. Identity of the issuer or the underlying              The Westbury Property Fund Limited
issuer of existing shares to which voting rights
are attached:
2. Reason for the notification (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):  Initial Disclosure                                X
3. Full name of person(s) subject to the               Resolution Investment Services Limited
notification obligation:
4. Full name of shareholder(s) (if different from
3.):
5. Date of the transaction (and date on which the
threshold is crossed or reached if different)(:
6. Date on which issuer notified:                 19 March 2007
7. Threshold(s) that is/are crossed or reached:   5%
                                                  Nominee Holdings
8. Notified details:



A: Voting rights attached to shares
Class/type of   Situation previous to Resulting situation after the triggering transaction
shares          the Triggering
                transaction
 if possible    Number of  Number of  Number of   Number of voting rights ix   % of voting rights
using the ISIN  Shares     Voting     shares
CODE                       Rights
                           viii       Direct      Direct  x      Indirect xi   Direct        Indirect


Ordinary Shares


GB00B03HDJ73    N/A        N/A        N/A         N/A            6,450,000     N/A           6.42%
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial    Expiration     Exercise/ Conversion      Number of voting rights     % of voting
instrument           date xiii      Period/ Date xiv          that may be acquired if the rights
                                                              instrument is exercised/
                                                              converted.
N/A

Total (A+B)
Number of voting rights                             % of voting rights
6,450,000                                           6.42%
   9. Chain of controlled undertakings through which the voting rights and/or the financial instruments
   are effectively held, if applicable xv:
   Resolution Group Plc

   Resolution Asset Management Limited

   Resolution Investment Services Limited (indirect)

   Bank of New York Nominees Limited (6,450,000   6.42%)
   Proxy Voting:
   10. Name of the proxy holder:
   11. Number of voting rights proxy holder will cease to hold:
   12. Date on which proxy holder will cease to hold voting rights:
   13. Additional information:               Percentage calculation based on issued share capital of
                                             100,486,657
   14. Contact name:                         Melanie Torode, Company Secretary, Assura Administration
                                             Limited, as Secretary
   15. Contact telephone number:             01481 735542



Annex Notification Of Major Interests In Shares

A: Identity of the person or legal entity subject to the notification obligation
Full name                                                  Resolution Investment Services Limited
Contact address

                                                           50 Bothwell Street, Glasgow, G2 6HR
Phone number                                               0141 222 8000
Other useful information (e.g. functional relationship     Deborah A Wagner
with the person or legal entity subject to the
notification obligation)
B:  Identity of the notifier, is applicable
Full name                                                  Deborah A Wagner
Contact address                                            50 Bothwell Street, Glasgow, G2 6HR
Phone number                                               0141 222 8285
Other useful information (e.g. functional relationship     Company Secretary
with the person or legal entity subject to the
notification obligation)




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