Update

5 July 2016

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED (LSE: SLI)

The independent Board of Standard Life Investments Property Income Trust (“SLIPIT”) notes the announcement made yesterday by Standard Life Investments to suspend trading in the Standard Life Investments UK Real Estate Fund, an open ended Property Authorised Investment Fund (“PAIF”).

The Board would like to emphasise that SLIPIT, being a closed ended investment company, is completely independent of the PAIF and is in no way affected by yesterday’s announcement. SLIPIT has no commercial dealings with the PAIF and the shares of SLIPIT continue to be actively traded on the London Stock exchange.

For further information:-

Graeme Caton/Joe Winkley, Winterflood Securities
Tel No: 0203 100 0268/0203 100 0301