SLI.L Regulatory News (SLI)

10 Oct 2007 16:42

Standard Life Invs Property Inc Tst10 October 2007 STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED 30 September 07 - Net Asset Value Announcement The unaudited net asset value per ordinary share of Standard Life InvestmentsProperty Income Trust Limited at 30 September 2007 was 130.7 pence each. This isa decrease of 4.7 percentage points over the net asset value of 137.2 pence at30 June 2007. The net asset value is calculated under International Financial ReportingStandards ("IFRS") and includes a provision for payment of a proposed interimdividend of 1.69p per ordinary share for the quarter to 30 September 2007. The net asset value incorporates the external portfolio valuation by DTZDebenham Tie Leung at 30 September 2007. The property portfolio will next bevalued by an external valuer during December 2007 and the next quarterly netasset value will be published in early January 2008. Breakdown of NAV movement Set out below is a breakdown of the change to the unaudited net asset value pershare calculated under IFRS over the period 30 June 2007 to 30 September 2007. Pence per share % of opening NAV NAV per share as at 30 June 2007 137.2 Unrealised decrease in valuation ofproperty portfolio (2.7) (2.0%)Effect of gearing upon unrealiseddecrease in valuation of propertyportfolio (1.2) (0.8%)Decrease in interest rate swap valuation (2.2) (1.6%)Other movement in reserves (0.4) (0.3%) NAV per share as at 30 September 2007 130.7 (4.7%) Historical NAV per Ordinary Share are as follows: Adjusted IFRS NAV Adjusted UK GAAP NAV30/09/07 130.70p 133.47p30/06/07 137.16p 137.79p31/03/07 134.42p 137.23p31/12/06 132.68p 136.47p30/09/06 129.51p 134.37p30/06/06 130.20p 134.87p31/03/06 124.28p 130.46p31/12/05 116.46p 124.00p30/09/05 107.12p 114.31p30/06/05 103.88p 111.82p31/03/05 101.34p 106.63p31/12/04 99.00p 105.16p All Enquiries: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Ltd Trafalgar Court Les Banques GY1 3Q1 Tel: 01481 745439 Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange