Portfolio Sale

31 Aug 2007 17:04

Standard Life Invs Property Inc Tst31 August 2007 31 August 2007 Standard Life Investments Property Income Trust Limited Re: Portfolio sale Following the recent portfolio sale SLIPIT has repaid £9.85m of debt under theRCF. No repayment fee was payable. The repayment has reduced gearing to 30%. Thecompany plans to reinvest the remaining funds from the portfolio sale and hasidentified two opportunities already. The RCF with RBS has been reduced from £20m to £5m to reduce non utilisationcosts as the company does not intend to materially increase gearing in the shortterm. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745529Fax: 01481 745085 END This information is provided by RNS The company news service from the London Stock Exchange