Holding(s) in Company

TR-1: Notifications of Major Interests in Shares
 
1. Identity of the issuer or the underlying     Picton Property Income Limited
issuer of existing shares to which voting
rights are attached:
 
2. Reason for notification (yes/no)                                  
                                                                    
 
An acquisition or disposal of voting rights                          No
 
An acquisition or disposal of financial instruments which may        No
result in the acquisition of shares already issued to which voting
rights are attached
 
An acquisition or disposal of instruments with similar economic      No
effect to qualifying financial instruments
 
An event changing the breakdown of voting rights                     No
 
Other (please specify): Additional Listing of Issued Shares on      Yes
27.01.2015
                                        
                                        
3. Full name of person(s) subject to    Ameriprise Financial, Inc. and its
notification obligation:                group
                                        
 
4. Full name of shareholder(s) (if      See additional information under 13.
different from 3):
                                        
 
5. Date of transaction and date on      27 January 2015
which the threshold is crossed or
reached:
                                        
 
6. Date on which issuer notified:       29 January 2015
                                        
 
7. Threshold(s) that is/are crossed or  Below the threshold of 5%
reached:
 

8: Notified Details
A: Voting rights attached to shares
 
Class/type   Situation previous to  Resulting situation after the triggering
of shares    the triggering         transaction
             transaction
If possible
use ISIN
code
             Number of   Number of  Number of  Number of voting       Percentage of
             shares      voting     shares     rights                 voting rights
                         rights
 
                                    Direct     Direct      Indirect   Direct    Indirect
GB00B0LCW208 24,022,322  24,022,322 0          0           24,126,592 0.000%    4.937%
 

B: Qualifying Financial Instruments
 
Resulting situation after the triggering transaction
 
Type of         Expiration date Exercise/       No. of voting rights Percentage
financial                       conversion      that may be acquired of voting
instrument                      period          if the instrument is rights
                                                exercised/converted.
 

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
 
Resulting situation after the triggering transaction
 
Type of       Exercise   Expiration  Exercise /   No. of voting   Percentage of
financial     Price      date        conversion   rights          voting rights
instrument                           period       instrument
                                                  refers to
                                                                  Nominal     Delta
 

Total (A+B+C)
 
Number of voting rights       Percentage of voting rights

24,126,592                    4.937%


9. Chain of controlled undertakings through which the voting rights and /or
the financial instruments are effectively held, if applicable:

Ameriprise Financial, Inc., which through intermediate holding companies
controls the voting rights of Columbia Management Investment Advisers,
Columbia Wanger Asset Management, Threadneedle Management Luxembourg S.A. and
Threadneedle Asset Management Holdings Ltd, which itself controls the voting
rights of Threadneedle Asset Management Ltd, Threadneedle International Ltd
and Threadneedle Pensions Ltd.


Proxy Voting:
 
10. Name of proxy holder:             N/A
 
11. Number of voting rights proxy     N/A
holder will cease to hold:
 
12. Date on which proxy holder will   N/A
cease to hold voting rights:
 
13. Additional information:   Registered Owner
 
                              HSBC Global Custody Nominee (UK) Limited A/c 659167 1,973,935
                              HSBC Global Custody Nominee (UK) Limited A/c 671301   604,937
                              HSBC Global Custody Nominee (UK) Limited A/c 671314 8,242,942
                              HSBC Global Custody Nominee (UK) Limited A/c 671325 6,111,385
                              HSBC Global Custody Nominee (UK) Limited A/c 671337 3,258,001
                              HSBC Global Custody Nominee (UK) Limited A/c 671349 2,036,173
                              HSBC Global Custody Nominee (UK) Limited A/c 708312 1,892,875
                              Littledown Nominees Ltd                  A/c 10479      6,344
 
14 Contact name:              Mark Powney, Threadneedle Group
 
15. Contact telephone name:   01793 363135