Directorate Change

To: Company AnnouncementsDate: 2nd January 2015Company: Standard Life Investments Property Income Trust Limited Subject: Directorate Change In accordance with the requirements of the London Stock Exchange Listing Rule9.6.11, Standard Life Investments Property Income Trust Limited announces thatShelagh Mason, a non-executive Director, has informed the company that she hasresigned as a Director of the Board of Standard Life Investments PropertyIncome Trust Limited, effective 31 December 2014. All enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Claire Louise CookeTel: 01481 745417Fax: 01481 745085