Holding(s) in Company

Standard Life Invs Property Inc Tst
14 February 2007



TR-1(i): notification of major interests in shares

1. Identity of the issuer or the underlying issuer   Standard Life Investments
of existing shares to which voting rights are        Property Income Trust
attached(1):                                      
-------------------------------

2. Reason for the notification (please tick the appropriate box or boxes):
n/a see additional information                                             
--------------------------------------------                             -------

An acquisition or disposal of voting rights                                
--------------------------------------------                             -------

An acquisition or disposal of financial instruments which may result in    
the acquisition of shares already issued to which voting rights are      -------
attached
--------------------------------------------

An event changing the breakdown of voting rights                           
--------------------------------------------                             -------

3. Full name of person(s) subject to the           Legal & General Group Plc (L&G)
notification obligation(1):                       
-------------------------------

4. Full name of shareholder(s) (if different from  n/a
3.)(1):                                           
-------------------------------

5. Date of the transaction and date on which the   n/a
threshold is crossed or reached(1):               
-------------------------------

6. Date on which issuer notified:                  13/02/2007
-------------------------------                    

7. Threshold(s) that is/are crossed or reached:    Above 3% (L&G)
-------------------------------                    --------------------




8. Notified details:

A: Voting rights attached to shares
Class/   Situation previous   Resulting situation after the triggering
type of  to the Triggering    transaction(1)
shares   transaction (1)

if
possible Number Number of     Number of    Number of voting      % of voting
using    of     Voting Rights shares       rights ix             rights
the ISIN Shares viii
CODE                          Direct       Direct x     Indirect Direct  Indirect
                                                        xi
GBP Ord  3,060,079 3.06%       3,318,579    3,318,579             3.19%
0.01
         (Under S-198 on 
         14/06/06)

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   date xiii  Conversion      be acquired if the instrument is  voting
instrument             Period/ Date    exercised/ converted.             rights
                       xiv


Total (A+B)
Number of voting rights                  % of voting rights
                                 
3,318,579                                3.19%





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

Legal & General Group Plc (Direct and Indirect) (Group)

Legal & General Investment Management (Holdings) Limited
(LGIMH) (Direct and Indirect)


Legal & General Investment Management Limited (Indirect) (LGIM)

     Legal & General Group Plc (Direct) (L&G) (3,318,579 - 3.19% = LGAS, LGPL & PMC)

Legal & General Investment Management           Legal & General Insurance Holdings Limited
(Holdings) Limited (Direct) (LGIMHD)            (Direct) (LGIH)

Legal & General Assurance (Pensions Management) Legal & General Assurance Society Limited
Limited (PMC)                                   (LGAS & LGPL)

                                                Legal & General Pensions Limited (Direct)
                                                (LGPL)

Proxy Voting:

10. Name of the proxy holder:                                              N/A

11. Number of voting rights proxy holder will cease to hold:               N/A

12. Date on which proxy holder will cease to hold voting rights:           N/A


13. Additional information:        Using the total voting rights figure
                                                 104,000,000
                                   First notification under DTR Sourcebook

14. Contact name:                  Helen Lewis

15. Contact telephone number:      020 7528 6742

Notes to the Forms
--------------------------

(i) This form is to be sent to the issuer or underlying issuer and to be filed
with the competent authority.



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