Directorate Change

To:      Company Announcements
Date:    2nd January 2015
Company: Standard Life Investments Property Income Trust Limited

Subject: Directorate Change

In accordance with the requirements of the London Stock Exchange Listing Rule
9.6.11, Standard Life Investments Property Income Trust Limited announces that
Shelagh Mason, a non-executive Director, has informed the company that she has
resigned as a Director of the Board of Standard Life Investments Property
Income Trust Limited, effective 31 December 2014.

All enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Claire Louise Cooke
Tel: [phone]
Fax: [phone]