Portfolio Sale

Standard Life Invs Property Inc Tst
31 August 2007


31 August 2007


Standard Life Investments Property Income Trust Limited

Re: Portfolio sale


Following the recent portfolio sale SLIPIT has repaid £9.85m of debt under the
RCF. No repayment fee was payable. The repayment has reduced gearing to 30%. The
company plans to reinvest the remaining funds from the portfolio sale and has
identified two opportunities already.

The RCF with RBS has been reduced from £20m to £5m to reduce non utilisation
costs as the company does not intend to materially increase gearing in the short
term.


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



                      This information is provided by RNS
            The company news service from the London Stock Exchange