Publication of Supplementary Prospectus

To: RNS

From: Standard Life Investments Property Income Trust Limited

Date: 22 September 2014


Standard Life Investments Property Income Trust Limited

Publication of Supplementary Prospectus

Standard Life Investments Property Income Trust Limited (the "Company") has
today published a supplementary prospectus approved by the UK Listing
Authority. The publication of the supplementary prospectus is a regulatory
requirement under the Prospectus Rules following the publication of the
Company's interim financial report for the six months to 30 June 2014.

The supplementary prospectus is supplemental to, and should be read in
conjunction with, the prospectus published by the Company on1 July 2014 in
relation to the issue of up to 100 million new shares including an initial
placing and offer for subscription and a placing programme.

Copies of the supplementary prospectus will shortly be available for inspection
at www.hemscott.com/nsm.do.

Copies of the supplementary prospectus are also available in electronic form on
the Company's website at www.standardlifeinvestments.com/its and are available
for collection during normal business hours on any day (Saturday, Sunday and
public holidays excepted) from the offices of DicksonMinto W.S., Broadgate
Tower, 20 Primrose Street, London EC2A 2EW.

For further information please contact:

Gordon Humphries
Investment Director
Standard Life Investments
Tel: [phone]