Notice of AGM

Standard Life Investments Property Income Trust Limited (anauthorised closed-ended investment company incorporated in Guernsey with registration number 41352) (the "Company") 20 April 2015 NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Eleventh Annual General Meeting of the Companywill be held at 30 St Mary Axe, London, EC3A 8EP on Wednesday 27 May 2015 at11.30 a.m. A copy of the Notice of Annual General Meeting and the Annual Report andFinancial Statements for the year ended 31 December 2014 has been posted toshareholders and is available on the Company's website:http://www.standardlifeinvestments.com/its In accordance with Listing Rule 9.6.3, the documents will shortly be availablefor inspection on the National Storage Mechanism which is located at:www.morningstar.co.uk/uk/NSM Enquiries:Northern Trust International Fund Administration Services (Guernsey) LimitedThe Company SecretaryTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745001Fax: 01481 745051