Dividend Declaration

Standard Life Invs Property Inc Tst
10 November 2005


10 November 2005



Standard Life Investments Property Income Trust Limited
Re: Dividend Announcement

The Directors of Standard Life Investments Property Income Trust Limited ('the
Directors') have declared that an interim dividend be payable in respect of the
quarter ended 30 September 2005 as follows:-

     Ex Date                16 November 2005
     Record Date            18 November 2005
     Pay Date               30 November 2005
     Dividend per Share     1.625p



All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]
Fax: [phone]

END

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