Dividend Declaration

To:  Company Announcements

Date:  4 November 2020

Company:  Standard Life Investments Property Income Trust Limited

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 2020 as follows;

Ex-Dividend Date -  12 November 2020

Record Date -  13 November 2020

Payment Date -  30 November 2020

Dividend per Share -  0.714p

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]