Dividend Declaration

To:       Company Announcements

Date:      4 November 2014

Company:   Standard Life Investments Property Income Trust Limited

Subject:   Dividend Declaration

Interim Dividend

The Directors of Standard Life Investments Property Income Trust Limited(the
"Directors") have declared that an interim dividend be payable in respect of
the quarter ended 30September 2014as follows;

Ex-Dividend Date -   13 November2014

Record Date -        14 November 2014

Payment Date -       28 November 2014

Dividend per Share - 1.161p

All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St PeterPort
Guernsey
GY1 3QL

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


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