Notice of AGM

25 September 2014 PICTON PROPERTY INCOME LIMITED ("Picton" or the "Company") Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting of the Shareholders ofPicton will be held at Trafalgar Court, Les Banques, St Peter Port, Guernsey,Channel Islands on Wednesday 12 November 2014at 3.30pm. Copies of the Notice of Annual General Meeting have been posted to shareholdersand have been submitted to the National Storage Mechanism and will shortly beavailable for inspection at: www.morningstar.co.uk/uk/nsm. ENDS All Enquiries: Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL

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