Notice of AGM

16 August 2013

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 of Picton will be held at Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands on Friday, 19 September 2013 at 2.30pm.

Copies of the Notice of Annual General Meeting will be posted to shareholders today 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