Block Listing Six Monthly Return

Name of applicant:

Standard Life Investments Property Income Trust Limited

Name of scheme:

Block listing facility 11,439,998 ordinary shares

Period of return:

From:

15 February 2013

To:

15 August 2013

Balance of unallotted securities under scheme(s) from previous return:

5,189,998

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

4,303,175

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

400,000 (27 February 2013)

300,000 (1 March 2013)

250,000 (8 March 2013)

100,000 (11 March 2013)

2,000,000 (15 March 2013)

1,000,000 (3 May 2013)

1,100,000 (7 May 2013)

300,000 (6 June 2013)

2,000,000 (10 June 2013)

2,043,173 (13 June 2013)

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

Zero

Name of contact:

The Company Secretary, Northern Trust International Fund Administration Services (Guernsey) Limited

Telephone number of contact:

01481 745417