Picton Prop Regulatory News (PCTN)

25 October 2012

PICTON PROPERTY INCOME LIMITED

("Picton" or the "Company")

Director/PDMR Shareholding

Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces that the following beneficial holding of ordinary shares was acquired by Mrs Elizabeth Thompson; wife of Mr Nicholas Thompson, Chairman of the Company, on 25 October 2012.

25,000 ordinary shares at 37.25p representing 0.007% of the Company's issued share capital. The shares are registered under Barclay Stockbrokers.

Elizabeth Thompson is the beneficial holder of a total of 64,433 ordinary shares, representing 0.0186% of the Company's issued share capital.

Mr Thompson is the beneficial holder of a total of 63,693 ordinary shares, representing 0.0184% of the Company's issued share capital.

-ENDS-

For further information:

Northern Trust International Fund Administration Services (Guernsey) Limited

Renee McIver, 01481 745324, mm13@ntrs.com

Notes to Editors

Picton Property Income Limited ('Picton') is an income focused, internally managed Investment Company listed on the London and Channel Islands Stock Exchanges. It was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom.

With Net Assets of £180.2 million at 30 September 2012 and approximately 850 investors, the Company's objective is to provide shareholders with an attractive level of income, together with the potential for capital growth by investing in the principal commercial property sectors. www.pictonproperty.co.uk