SLIPIT Sale

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LTD - SLIPIT Sale

PR Newswire

London, December 18

To: Company AnnouncementsDate: 18th December 2015Company: Standard Life Investments Property Income Trust LimitedSubject: SLIPIT Sale

Standard Life Investments Property Income Trust has completed the sale of St James House in Cheltenham for £13.95m. The multi let office building has a current rent of £862,000 pa and an average lease length of just over 5 years. The end September valuation was £13.25m.

Jason Baggaley, Fund Manager of SLIIT said “The sale of this asset comes after we have completed the asset management we planned on purchase in 2012, realising profit, and enabling the funds to be reinvested into the Pearl portfolio which includes another office in Cheltenham with exciting opportunities”.

All enquiries:

The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL

Sharon Ann WilliamsTel: 01481 745436Fax: 01481 745085