Director/PDMR Shareholding

22 December 2014

                        PICTON PROPERTY INCOME LIMITED                         

                          ("Picton" or the "Company")                          

                          Director/PDMR Shareholding                           

Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces that
the following beneficial holding of ordinary shares were acquired on the 22
December 2014.

Roger Lewis acquired 50,000 ordinary shares at 63.75 pence per share
representing 0.0105% of the Company's issued share capital under Hulton
Pensions Limited.

Mr Lewis is the beneficial holder of a total of501,605 ordinary shares
representing 0.1048% of the Company's issued share capital.

                                     ENDS                                      

For further information:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

David Sauvarin

Tel: [phone]

Fax: [phone]

Note to Editors

Picton Property Income Limited ('Picton') is an income focused,
propertyinvestment company listed on the London Stock Exchange. It was
established in2005 to invest both directly and indirectly in commercial
property across theUnited Kingdom.

With Net Assets of £273.7 million at 30 September 2014, the Company's objective
isto provide shareholders with an attractive level of income, together with
thepotential for capital growth by investing in the principal commercial
propertysectors.