Director Dealing

To:        Company Announcements

Date:      1st August 2014

Company:   Standard Life Investments Property Income Trust Limited

Subject:   Director Dealing

Pursuant to Section 3.1 of the Disclosure and Transparency Rules, Standard Life
Investments Property Income Trust Limited announces that the following
beneficial holdings of ordinary shares were acquired by Mr Robert Peto, a
Director of the Company, Mr Huw Evans, a Director of the Company, Mrs Susie
Farnon, a Director of the Company and Mr Richard Barfield, the Chairman of the
Company, on 30 July 2014.

Mr Peto purchased 27,435 ordinary shares at 72.9p representing 0.0130% of the
Company's issued share capital.

Mr Peto is the beneficial holder of a total of 13,717 ordinary shares
representing 0.0065% of the Company's issued share capital. Mrs Peto is the
beneficial holder of a total of 13,718 shares.

Mr Evans purchased 15,000 ordinary shares at 72.9p representing 0.0071% of the
Company's issued share capital.

Mr Evans is the beneficial holder of a total of 30,000 ordinary shares
representing 0.0142% of the Company's issued share capital.

Mr Barfield purchased 20,000 ordinary shares at 72.9p representing 0.0095% of
the Company's issued share capital.

Mr Barfield is the beneficial holder of 70,128 ordinary shares representing
0.0333% of the Company's issued share capital.

Ms Farnon purchased 15,000 ordinary shares at 72.9p representing 0.0071% of the
Company's issues share capital.

Ms Farnon is the beneficial owner of 30,000 ordinary shares representing
0.0142% of the Company's issued share capital.


All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Claire Cooke
Tel: [phone]
Fax: [phone]