TIDMSLI 
 
7 February 2018 
 
            Standard Life Investments Property Income Trust Limited 
                          LEI : 549300HHFBWZRKC7RW84 
 
                                Issue of Equity 
 
Standard Life Investments Property Income Trust Limited (the "Company") 
announces that, on 7 February 2018, it issued 3,000,000 ordinary shares of 1 
pence each (the "Ordinary Shares") under its block listing facility for cash at 
a price of 93.0 pence per share to meet ongoing demand for the Ordinary Shares 
pursuant to the Company's tap issuance programme. 
 
The net proceeds from the issue of the new Ordinary Shares will be used to 
reduce the Company's borrowings and/or invested in accordance with the 
Company's investment policy. 
 
The new Ordinary Shares will, when issued, be credited as fully paid and rank 
pari passu with the existing Ordinary Shares in the capital of the Company, 
including the right to receive all future dividends and distributions declared, 
made or paid. 
 
Following Admission, the Company will have 399,365,419 Ordinary Shares in 
issue. The total number of voting rights of the Company will be 399,365,419 and 
this figure may be used by shareholders as the denominator for the calculations 
by which they will determine if they are required to notify their interest in, 
or a change to their interest in, the Company. 
 
Enquiries: 
 
Standard Life Investments                        +44 (0) 131 245 3151 
Graeme McDonald 
 
Winterflood Investment Trusts                    +44 (0) 20 3100 0000 
Graeme Caton 
Neil Langford 
 
 
 
END

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