Purchase

To:                Company Announcements
Date:              28 July 2017
Company:           Standard Life Investments Property Income Trust Limited
Subject:           SLIPIT Purchase

Standard Life Investments Property Income Trust has completed the sale of a small industrial unit in Cheltenham to the tenant for £2.175m, reflecting a yield of 4.8%. The sale price was 8% ahead of the valuation as at 30 June.

Jason Baggaley, Fund Manager, commented:  The industrial unit in Cheltenham was the Company’s second smallest asset, and had limited opportunity for the manager to add value. It was a very old unit that was of limited demand to other users, and the sale at a profit enables us to concentrate on other assets which better meet the Company’s requirements.

All enquiries to:

Jason Baggaley
Fund Manager
Real Estate Investments
Standard Life Investments
1 George Street, Edinburgh, EH2 2LL
Tel: [phone]
[e-mail]

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]