Director/PDMR Shareholding

Date:  4 June 2020

Company:  Standard Life Investments Property Income Trust Limited

Subject:  Director/PDMR Shareholding

LEI:   549300HHFBWZRKC7RW84 

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons

4 June 2020

1.	Details of PDMR / person closely associated with them ("PCA")
a)	Name	Mike Balfour
b)	Position / status	Non-Executive Director and PDMR of Standard Life Investments Property Income Trust Limited
c)	Initial notification / amendment	Initial Notification
2.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	Ordinary shares  GB0033875286
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 69.25p 40,740
d)	Aggregated information Aggregated volume Price	N/A
e)	Date of the transaction	03/06/2020
f)	Place of the transaction	London Stock Exchange
g)	Currency	GBP – British Pound

Enquiries
Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

PO Box 255, Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

 [phone]