Holding(s) in Company

Standard Life Invs Property Inc Tst
12 December 2006


12 December 2006



Standard Life Investments Property Income Trust Limited

Re: Sale of Shares by ING Real Estate Investment Management (UK Funds) Ltd


ING Real Estate Investment Management (UK) Limited have informed us that ING
Real Estate Investment Management (UK Funds) Ltd have sold 2,170,000 Standard
Life Investments Property Income Trust Limited Ordinary Shares on 6 and 7
December 2006 and now hold 12,474,887 Ordinary Shares which represents 11.995%
of the issued capital.





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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