Picton Prop Regulatory News (PCTN)

3 February 2015 PICTON PROPERTY INCOME LIMITED ("Picton" or the "Company") PICTON ADDS TO HOLDING AT ANGOULEME WAY RETAIL PARK, BURY Picton, the property investment company, has completed the acquisition of thelong leasehold interest in two retail warehouse units located immediatelyadjacent to its existing holding at Angouleme Way Retail Park, Bury. The £3.9million purchase price reflects a net initial yield of 7.9%. The 96-year leasehold interest comprises two units totalling 29,609 sq ft whichare currently let to Argos and Poundstretcher for a further four years andgenerate a combined net income of £323,750 pa. The two units are locateddirectly opposite the A58 arterial road and The Rock shopping and leisurescheme. Michael Morris, Chief Executive, commented: "This is the first acquisition tocomplete, of several we have under consideration, since our recent fundraising.It also marks the consolidation of our ownership in Bury, where we now controlall five units and expect to unlock further value through asset managementinitiatives." ENDS For further information: Tavistock CommunicationsJeremy Carey/James Verstringhe, 020 7920 3150, jverstringhe@tavistock.co.uk Picton Capital LimitedMichael Morris, 020 7011 9980, michael.morris@pictoncapital.co.uk The Company Secretary Northern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL David Sauvarin, 01481 745001, team_picton@ntrs.com Note to Editors Picton Property Income Limited ('Picton') is an income focused propertyinvestment company listed on the London Stock Exchange. Picton can invest bothdirectly and indirectly in commercial property across the United Kingdom. With Net Assets of £315.7 million at 31 December 2014 and approximately 870investors, the Company's objective is to provide shareholders with anattractive level of income, together with the potential for capital growth byinvesting in the principal commercial property sectors.www.pictonproperty.co.uk