Employee Benefit Trust Share Purchase

Picton Property Income Ltd - Employee Benefit Trust Share Purchase

PR Newswire

London, September 24

25 September 2019

PICTON PROPERTY INCOME LIMITED(“Picton”, the “Company” or the “Group”)LEI: 213800RYE59K9CKR4497

Employee Benefit Trust Share Purchase

The Company was notified on 24 September 2019 by Intertrust Employee Benefit Trustee Limited, as trustee of the Picton Property Income Limited Employee Benefit Trust (the "Trust"), that it had completed the purchase of 954,000 ordinary shares in the Company at an average share price 88.26 pence.

The Trust holds shares for the benefit of the Company's employees and in particular to satisfy awards made under the Company's Long-term Incentive Plan and Deferred Bonus Plan.

The Trust holds 2,103,683 ordinary shares representing approximately 0.4% of the Company's current voting rights.

For further information please contact:

Tavistock

Jeremy Carey/James Verstringhe, 020 7920 3150, [email protected]

Picton Property Income Limited

Michael Morris, 020 7011 9980

Note to Editors

Picton is a UK REIT established in 2005. It owns and actively manages a £688 million diversified UK commercial property portfolio, invested across 49 assets and with around 350 occupiers (as at 30 June 2019). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

For more information please visit: www.picton.co.uk

ENDS