Director Declaration

To: Company Announcements

Date: 28 June 2013

Company: Standard Life Investments Property Income Trust Limited

Subject: Director Declaration

In accordance with requirements of the London Stock Exchange Listing Rule 9.6.11, Standard Life Investments Property Income Trust Limited announces that Mr David Moore retired as a non-Executive Director of the Board of Standard Life Investments Property Income Trust Limited, effective 14 May 2013.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Claire Martin

Tel: 01481 745417

Fax: 01481 745085