Dividend Declaration

To:       Company Announcements

Date:    9 November 2017

Company:  Standard Life Investments Property Income Trust Limited

LEI: 549300HHFBWZRKC7RW84

Subject:  Dividend Declaration

Third 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 September 2017 as follows;

Ex-Dividend Date -    16 November 2017

Record Date -           17 November 2017

Payment Date -        30 November 2017

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]