Director Declaration

31 Oct 2006 16:42

Standard Life Invs Property Inc Tst31 October 2006 To: Company Announcements Date: 31 October 2006 Company: Standard Life Investments Property Income Trust Limited Subject: In accordance with the requirements of Listing Rule 9.6.14, Standard LifeInvestments Property Income Trust Limited advises the following changes todirectorships in other publicly quoted companies, held by members of the Board: Mr John Hallam has joined the board of Cazenove Absolute Equity Limited, whichwas admitted to listing on the London Stock Exchange (AIM) on 30 October 2006. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) Limited Tel: 01481 745814Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange