Half Yearly Report

2 September 2010

STANDARD LIFE INVESTMENTS PROPERTY INCOME LIMITED

Interim Report and Condensed Financial Statements for the six months ending 30 June 2010

The Annual Interim Report and Condensed Financial Statements for the six months ending 30 June 2010 are now available via the following link:

http://uk.standardlifeinvestments.com/IT_Property_Income_Interim_Report_Accounts/getLatest.pdf

All Enquiries:

Renee McIver

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands

Tel: 01481 745324

Fax: 01481 745051

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