Dividend Declaration

To:       Company Announcements

Date:     27 July 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 30 June 2015 as follows;

Ex-Dividend Date -    6 August 2015

Record Date -         7 August 2015

Payment Date -        21 August 2015

Dividend per Share -  1.161 p

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

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