Results of General Meeting

RNS ANNOUNCEMENT STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED 20 OCTOBER 2014 RESULTS OF GENERAL MEETING Standard Life Investments Property Income Trust Limited (the "Company") ispleased to announce that at a general meeting of the Company held earlier todaythe resolution to grant the Directors authority to allot up to 50 million newordinary shares in the Company on a nonpre-emptive basis, as set out in thecircular to shareholders dated 30 September 2014,was duly approved byshareholders. Details of the proxy votes lodged before the meeting will be available shortlyat www.standardlifeinvestments.com/its. A copy of the resolution passed at thegeneral meeting has been submitted to the National Storage Mechanism and willshortly be available for inspection at www.morningstar.co.uk/uk/NSM. For further information please contact: Northern Trust International Fund Administration Services (Guernsey) LimitedThe Company SecretaryTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745417Fax: 01481 745085