Publication of a Circular

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED To: RNS From: Standard Life Investments Property Income Trust Limited Date: 30 September 2014 PUBLICATION OF A CIRCULAR Standard Life Investments Property Income Trust Limited (the "Company") haspublished a circularto Shareholders (the "Circular")to convene an extraordinarygeneral meeting at which the appropriate Shareholder authority will be soughtto issue up to 50 million new ordinary shares in the Company on a nonpre-emptive basis pursuant to the current Placing Programme. The GeneralMeeting will be held at 10.00 a.m. on 20 October 2014 at Trafalgar Court, LesBanques, St. Peter Port, Guernsey GY1 3QL. A copy of the Circular has been submitted to the National Storage Mechanism andwill shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM . Terms used and not defined in this announcement have the meanings given in theCircular. For further information please contact: Standard Life Investments 0131 245 2735Gordon Humphries, Investment Director Winterflood Securities LimitedGraeme Caton 0203 100 0268