Annual Financial Report - Notice to NSM

29 July 2014

PICTON PROPERTY INCOME LIMITED

("Picton" or the "Company")

Posting of Annual Report & Consolidated Financial Statements

for the year ended 31 March 2014

Copies of the Annual Report & Consolidated Financial Statements have been posted to shareholders and have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/nsm.

ENDS

All Enquiries:

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745001