Further re Holding in Company

Standard Life Invs Property Inc Tst
29 December 2003



      STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED ('Company')


Further to the Holding(s) in Company announcement released on 24 December 2003
under RNS number 6738T, Standard Life Investments Property Income Trust Limited
has been advised that ING Real Estate Investment Management (UK) Limited has
control of an additional 3,061,224 shares on behalf of clients.  The total
number of shares controlled by ING Real Estate Investment Management (UK)
Limited is 19,515,306 shares, representing 19.52% of the issued share capital of
the Company.



Enquiries:          John Marren
                    Guernsey International Fund Managers Limited
                    Company Secretary
                    01481 745660


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