TIDMSLI 
 
17 January 2017 
 
            Standard Life Investments Property Income Trust Limited 
                           Blocklisting application 
 
Standard Life Investments Property Income Trust Limited (the "Company") has 
made an application to the UK Listing Authority for a blocklisting of 
19,000,000 ordinary shares of 1p each in the Company (the "Shares") to be 
admitted to the premium segment of the Official List and to trading on the Main 
Market of the London Stock Exchange. 
 
The Company has seen strong demand for its Shares which has been reflected in 
the Shares trading at an average premium to net asset value of 7.1% over the 
last three months. The Company therefore intends to pursue an issuance 
programme through its corporate broker, Winterflood Securities Limited, with a 
view to managing the Company's premium to net asset value. Any Shares issued 
under the issuance programme will only be issued at a premium to net asset 
value (plus costs) and will be accretive to existing shareholders. 
 
The Shares issued under the blocklisting will be issued pursuant to the 
Company's issuance programme to meet excess market demand for the Shares. The 
net proceeds from the issue of new Shares will be used to reduce the Company's 
borrowings and/or invested in accordance with the Company's investment policy. 
 
The blocklisting is expected to become effective at 8:00 a.m. on 18 January 
2017. 
 
For further details please contact: 
 
Standard Life Investments                           0131 245 3151 
Graeme McDonald 
 
Winterflood Investment Trusts                       020 3100 0000 
Graeme Caton 
Neil Langford 
 
 
 
END

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