Dividend Declaration

To:  Company Announcements

Date:  6 May 2021

Company:  Standard Life Investments Property Income Trust Limited

LEI: 549300HHFBWZRKC7RW84

Subject:  Dividend Declaration

First Interim Dividend

The Directors of Standard Life Investments Property Income Trust Limited (the "Directors") have declared that a property income dividend of 0.8925p per share be payable in respect of the quarter ended 31 March 2021 split as follows:

Ex-Dividend Date -  13 May 2021

Record Date -  14 May 2021

Payment Date -  28 May 2021

Dividend per Share -  0.8925p

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]