Dividend Declaration

To:       Company Announcements

Date:    8 March 2018

Company:  Standard Life Investments Property Income Trust Limited

LEI: 549300HHFBWZRKC7RW84

Subject:  Dividend Declaration

Fourth Interim Dividend

The Directors of Standard Life Investments Property Income Trust Limited (the "Directors") have declared that a dividend of 1.19p per share be payable in respect of the quarter ended 31 December 2017 split as follows:

Property Income Dividend (“PID”)      0.522 pence per share        
Ordinary Dividend (“Non PID”)            0.668 pence per share 

Ex-Dividend Date -    15 March 2018

Record Date -            16 March 2018

Payment Date -         29 March 2018

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

Tel:  [phone]
Fax: [phone]