Notice of Results

8 August 2011

PICTON PROPERTY INCOME LIMITED

("Picton" or the "Company")

Announcement of Half Year Results

Picton, a closed-end commercial property investment company, formerly known as the ING UK Real Estate Income Trust Limited, will announce results for the six months ended 30 June 2011 on Wednesday 31 August 2011.

For further information:

All Enquiries

David Sauvarin

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745529

Fax: 01481 745085

ING Real Estate Investment Management (UK) Limited

Helen Stott, 020 7767 5648 [email protected]

Financial Dynamics

Dido Laurimore, 020 7831 3113, [email protected] 

Laurence Jones, 020 7831 3113, [email protected]

Picton Capital Limited

Michael Morris, 020 7628 4800, [email protected]