Dividend Declaration

To:       Company Announcements
Date:     29 April 2015
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 a property income dividend be payable in
respect of the quarter ended 31 March 2015 as follows;

Ex-Dividend Date -     7 May 2015

Record Date -          8 May 2015

Payment Date -         22 May 2015

Dividend per Share -   1.161p


All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St PeterPort
Guernsey
GY1 3QL

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