SLIPIT Sale

To:                     Company Announcements

Date:                  9 April 2018

Company:           Standard Life Investments Property Income Trust Limited

LEI:                    549300HHFBWZRKC7RW84

Subject:              SLIPIT Sale - Charter Court, Slough

Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of a multi let office in Slough for £13.25m, 9.6% ahead of the end December valuation. The sale proceeds will be reinvested when suitable opportunities are identified.

Jason Baggaley, fund manager of SLIPIT commented: We decided to sell this asset to realise a profit, but also to reduce future risk. The property had one floor vacant, and the other leases expire in 2020 and 2021 when a comprehensive refurbishment will be required. The sale avoids the need for large scale capex and loss of income during the refurbishment.

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

Mike Nokes
Tel:        [phone]
Fax:        [phone]