Dividend Declaration

To:  Company Announcements

Date:  6 May 2020

Company:  Standard Life Investments Property Income Trust Limited

LEI: 549300HHFBWZRKC7RW84

Subject:  Dividend Declaration

First Interim Dividend

The Directors of Standard Life Investments Property Income Trust Limited (the "Directors") have declared that a dividend of 1.19p per share be payable in respect of the quarter ended 31 March 2020 split as follows:

Property Income Dividend (“PID”)  0.952 pence per share 
Ordinary Dividend (“Non PID”)    0.238 pence per share 

Ex-Dividend Date -  14 May 2020

Record Date -  15 May 2020

Payment Date -  29 May 2020

Dividend per Share -  1.19p

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

Tel:  [phone]
Fax: [phone]