Directorate Change

To:                          Company Announcements

Date:                     3 June 2016

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, after almost 13 years on the Board and the last two as Chairman, Richard Barfield has retired as from the Board of Standard Life Investments Property Income Trust Limited, effective 2 June 2016.

The Board wish to thank Richard for all his work and notes that he has been a great asset to the Company, especially during his tenure as Chairman, and are grateful to him for his guidance, insight and expertise.

In addition, the Company announces that Robert Peto has been appointed Chairman of the Board with effect from 2 June 2016.


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

Sharon A Williams
Tel:  [phone]
Fax: [phone]