Director Declaration

To: Company Announcements

Date: 2 May 2013

Company: Standard Life Investments Property Income Trust Limited

Subject: Director Declaration

In accordance with the requirement of the London Stock Exchange Listing Rule 9.6.14, Standard Life Investments Property Income Trust Limited announces that Mrs Susie Farnon, a non-executive director, has informed the company that she was appointed to the Board of HICL Infrastructure Company Limited on 1 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