SLIPIT Sale

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LTD - SLIPIT Sale

PR Newswire

London, November 6

To: Company AnnouncementsDate: 9th November 2015Company: Standard Life Investments Property Income Trust Limited

Subject: SLIPIT Sale

Standard Life Investments Property Income Trust is pleased to confirm that it has completed the sale of an office investment in Maple Cross Rickmansworth for £14.75m.

The property was acquired in 2013 for £9.85m, and is fully let on a lease expiring in 2022 at a rent of £1.15mpa. The investment has given the Company a total return of 79.3% since acquisition, and it is intended to recycle the sale proceeds into the Pearl portfolio acquisition, assuming that proceeds to completion.

Jason Baggaley, Fund manager of SLIPIT commented “We bought this asset to deliver a high income return as part of our focus on providing shareholders with an attractive dividend income. However it has performed ahead of expectations so we decided to realise the profit and recycle the capital as we have done with a number of assets over the last few years. We hope to reinvest the proceeds into the acquisition of the Pearl portfolio before the year end thereby minimising cash drag”.

All enquiries:

The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL

Sharon Ann WilliamsTel: 01481 745436Fax: 01481 745085