Dividend Declaration

To:             Company Announcements

Date:          6 November 2019

Company:   Standard Life Investments Property Income Trust Limited

Subject:     Dividend Declaration

LEI: 549300HHFBWZRKC7RW84

Third 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 30 September 2019 split as follows:

Property Income Dividend (“PID”)       0.716 pence per share        
Ordinary Dividend (“Non PID”)            0.474 pence per share 

Ex-Dividend Date -     14 November 2019

Record Date -            15 November 2019

Payment Date -          29 November 2019

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]