SLIPIT Sale

To:                       Company Announcements

Date:                  15^th June 2015

Company:           Standard Life Investments Property Income Trust Limited

Subject:             SLIPIT Sale

Standard Life Investments Property Income Trust is pleased to confirm it has sold an industrial asset in Drakes Way Swindon to the tenant for £3.5m. The property is let until December 2015 at a rent of £300,000pa.

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]