Notice of Annual General Meeting

Standard Life Investments Property Income Trust Limited 

(an authorised closed-ended investment company incorporated in Guernsey with registration number 41352)

(the "Company")

29 April 2014

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Tenth Annual General Meeting of the Company will be held at Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 3QL on 28 May 2013 at 9.00 a.m.

In accordance with Listing Rule 9.6.3, a copy of the Notice has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

The Company Secretary

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745417

Fax: 01481 745085

END