Publication of Supplementary Prospectus

To:       RNS

From:  Standard Life Investments Property Income Trust Limited

Date:   14 June 2016

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 annual report and accounts for the year ended 31 December 2015.

The supplementary prospectus is supplemental to, and should be read in conjunction with, the prospectus published by the Company on 17 November 2015 in relation to the proposals to raise up to £100 million by way of an Initial Placing and Offer for Subscription in relation to the acquisition of the New Portfolio and a Placing Programme and the supplementary prospectus dated 15 December 2015 in relation to the amendment of the Minimum Issue Proceeds.

Copies of the supplementary prospectus will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Copies of the supplementary prospectus are also available in electronic form on the Company's website at www.standardlifeinvestments.com/its.

For further information please contact:       
Jason Baggaley – Real Estate Fund Manager Standard Life Investments
Tel [phone] [e-mail]

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Ltd
Trafalgar Court
Les Banques
St Peter Port
GY1 3QL
Tel: [phone]
Fax: [phone]

Neither the contents of the Company’s website nor the contents of any website accessible from hyperlinks on the Company’s website (or any other website) is incorporated into, or forms part of, this announcement.