Purchase

To:                Company Announcements
Date:              23 July 2015
Company:           Standard Life Investments Property Income Trust Limited

Subject:               SLIPIT Purchase

Standard Life Investments Property Income Trust is pleased to announce it has completed the purchase of a retail warehouse and car show room in Bradford for £5.1m, a yield of 9.5%. The Halfords unit is located next to the dominant retail warehouse park in Bradford, and is let to Halfords, who in turn sublet part to Maplin. The car show room is let for a further 6 years but the tenant is not in occupation.

Jason Baggaley, Fund Manager of SLIPIT, said “I am delighted with this investment as it offers a very attractive running yield and has plenty of asset management potential as the occupational tenants trade well and the vacant car showroom also has alternative use potential

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 Ann Williams
Tel:        [phone]
Fax:        [phone]