Dividend Declaration

To:	Company Announcements
Date:	8 March 2017
Company:	Standard Life Investments Property Income Trust Limited

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 2016 split as follows:

Property Income Dividend (“PID”)	0.35 pence per share
Ordinary Dividend (“Non PID”)	0.84 pence per share

Ex-Dividend Date	16 March 2017
Record Date	17 March 2017
Payment Date	31 March 2017

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]