Director PDMR Shareholding

To:            Company Announcements

Date:          30 December 2015

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 Huw Evans, a Director of the Company on 21^st December 2015.

Mr Evans purchased 30,000 ordinary shares at 82p representing 0.0079% of the Company’s issued share capital.

Mr Evans is currently the beneficial holder of a total of 60,000 ordinary shares representing 0.00016% 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

Sharon A Williams
Tel:  [phone]
Fax: [phone]