Dividend Declaration

To:       Company Announcements

Date:    9 August 2016

Company:  Standard Life Investments Property Income Trust Limited

Subject:  Dividend Declaration

Second 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 2016 as follows;

Ex-Dividend Date -  18 August 2016

Record Date -  19 August 2016

Payment Date -  31 August 2016

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

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