SLIPIT Sale

Standard Life Investments Property Income Trust - SLIPIT Sale

PR Newswire

London, April 6

To: Company Announcements

Date: 9 April 2018

Company: Standard Life Investments Property Income Trust Limited

LEI: 549300HHFBWZRKC7RW84

Subject: SLIPIT Sale - Charter Court, Slough

Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of a multi let office in Slough for £13.25m, 9.6% ahead of the end December valuation. The sale proceeds will be reinvested when suitable opportunities are identified.

Jason Baggaley, fund manager of SLIPIT commented: We decided to sell this asset to realise a profit, but also to reduce future risk. The property had one floor vacant, and the other leases expire in 2020 and 2021 when a comprehensive refurbishment will be required. The sale avoids the need for large scale capex and loss of income during the refurbishment.

All enquiries to:

Jason BaggaleyFund ManagerReal Estate InvestmentsStandard Life Investments1 George Street, Edinburgh, EH2 2LLTel: +44 (0)131 245 2833[email protected]The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QLMike NokesTel: 07883 078002Fax: 01481 745085