RNS Number:9274Z
Westbury Property Fund Limited
16 March 2006

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.    Name of company                               2.  Name of shareholder having a major interest



      The Westbury Property Fund Limited                Artemis Investment Management Limited


3.    Please state whether notification indicates   4.  Name of the registered holder(s) and, if more than
      that it is in respect of holding of the           one holder, the number of shares held by each of
      shareholder named in 2 above or in respect of     them
      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                                         City of London Pension A/c - 514,800 shares

                                                        BHS Pension Scheme -440,000 shares

      On behalf of itself and certain of its            City of London Cash A/c - 920,700 shares
      subsidiary companies
                                                        MT Income Fund - 484,000 shares

                                                        BHS Senior Management Scheme - 118,800 shares

                                                        Artemis High Income - 2,762,833


5.    Number of shares/    6.  Percentage of issued 7.  Number of shares/amount   8. Percentage of issued
      amount of stock          class                    of stock disposed            class
      acquired



      -
                               -                        -                            -

9. Class of security                              10.    Date of transaction     11.   Date company
                                                                                       informed



                                                                                       15 March 2006
   Ordinary                                              -


12.   Total holding following this notification     13.    Total percentage holding of issued class
                                                           following this notification

                                                           9.21%
      5,241,133



14.   Any additional information                    15. Name of contact and telephone number for queries



                                                        Melanie Torode

                                                        01481 747853






16.   Name and signature of authorised company official

      responsible for making this notification



      Melanie Torode

Date of notification  16 March 2006






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

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