Director Declaration

To: Company Announcements

Date: 25 July 2012

Company: Standard Life Investments Property Income Trust Limited

Subject: Director Declaration

In accordance with requirements of the London Stock Exchange Listing Rule 9.6.14, Standard Life Investments Property Income Trust Limited announces that Mr Richard Barfield, a non-executive director, has informed the company that he retired from the Board of The Edinburgh Investment Trust Plc on the 20 July 2012.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Renee McIver

Tel: 01481 745324

Fax: 01481 745051