Dividend Declaration

To:                   Company Announcements

Date:               3 November 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 the following dividends be payable in respect of the quarter ended 30 September 2015 as follows:

Property Income Dividend (“PID”)      0.770 pence per share        
Ordinary Dividend (“Non PID”)            0.391 pence per share  

Total Dividend 1.161pps

Ex-Dividend Date -      12 November 2015

Record Date -                         13 November 2015

Payment Date -           27 November 2015


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]