Sale

Standard Life Investments Property Income Trust - Sale

PR Newswire

London, January 16

To: Company AnnouncementsDate: 17 January 2017Company: Standard Life Investments Property Income Trust LimitedSubject: SLIPIT Sale

Standard Life Investments Property Income Trust has completed the sale of The Quadrangle in Cheltenham for £11.075m. The 1970s office block extends to approximately 58,900sqft and was acquired in Dec 2015 as part of the Pearl portfolio for £10.05m including costs. The property was single let to RBS with a lease expiry in June 2018. The sale proceeds are being used to reduce borrowings under the Revolving Credit Facility.

All enquiries:The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QLSharon Ann WilliamsTel: 01481 745436Fax: 01481 745085