Holding(s) in Company

Standard Life Invs Property Inc Tst
13 April 2004


                                       .

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED



In accordance with paragraph 21.20 (l) (ii) of the Listing Rules, Standard Life
Investments Property Income Trust Limited announces its ten largest investments,
including all investments with a value greater than 5% of its gross assets, as
at 31 March 2004:



All UK Property:



Wellington House, London



Hollywood Green, London



Clough Road, Hull



Wellesley House, Harlow



Solution Hall, Welwyn



Drakes Way, Swindon



2-4 Bucknall Street, London



Bathgate Retail Park, Bathgate



The Courtyard, St Albans



Crittal Road, Witham







                                    - ENDS -







For further information, please call:





Andrew Jackson



Standard Life Investments Ltd



Telephone: [phone]




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