SLIPIT Sale

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LTD - SLIPIT Sale

PR Newswire

London, May 18

To: Company AnnouncementsDate: 19 May 2016Company: Standard Life Investments Property Income Trust Limited

Subject: SLIPIT Sale

SLIPIT is pleased to confirm that is has completed the sale of a small office building in Stockport for £2.95m. Turin Court is a modern office but the current tenant is due to leave in July 2016 following the expiry of the lease and capital expenditure would have been required to bring the building up to a suitable standard for re-letting. The sale price was 10% above the December 2015 valuation.

Jason Baggaley, Fund Manager, said “This sale enabled the Company to exit a non-core asset before the rental income ended and capex was necessary, but at a price ahead of expectations. The sale proceeds will be used to reduce borrowings."All enquiries:The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QLSharon Ann WilliamsTel: 01481 745436Fax: 01481 745085