Director/PDMR Shareholding

22 December 2014 PICTON PROPERTY INCOME LIMITED ("Picton" or the "Company") Director/PDMR Shareholding Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces thatthe following beneficial holding of ordinary shares were acquired on the 22December 2014. Roger Lewis acquired 50,000 ordinary shares at 63.75 pence per sharerepresenting 0.0105% of the Company's issued share capital under HultonPensions Limited. Mr Lewis is the beneficial holder of a total of501,605 ordinary sharesrepresenting 0.1048% of the Company's issued share capital. ENDS For further information: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL David Sauvarin Tel: 01481 745529 Fax: 01481 745051 Note to Editors Picton Property Income Limited ('Picton') is an income focused,propertyinvestment company listed on the London Stock Exchange. It wasestablished in2005 to invest both directly and indirectly in commercialproperty across theUnited Kingdom. With Net Assets of £273.7 million at 30 September 2014, the Company's objectiveisto provide shareholders with an attractive level of income, together withthepotential for capital growth by investing in the principal commercialpropertysectors.