SLIPIT Sale

To:                     Company Announcements
Date:                  18^th December 2015
Company:           Standard Life Investments Property Income Trust Limited

Subject:              SLIPIT Sale  

Standard Life Investments Property Income Trust has completed the sale of St James House in Cheltenham for £13.95m. The multi let office building has a current rent of £862,000 pa and an average lease length of just over 5 years. The end September valuation was £13.25m.

Jason Baggaley, Fund Manager of SLIIT said “The sale of this asset comes after we have completed the asset management we planned on purchase in 2012, realising profit, and enabling the funds to be reinvested into the Pearl portfolio which includes another office in Cheltenham with exciting opportunities”.

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]