Dividend Declaration

To:  Company Announcements

Date:  3 August 2020

Company:  Standard Life Investments Property Income Trust Limited

Subject:  Dividend Declaration

Second Interim Dividend

The Directors of Standard Life Investments Property Income Trust Limited (the "Directors") have declared that a property income dividend be payable in respect of the quarter ended 30 June 2020 as follows;

Ex-Dividend Date -  13 August 2020

Record Date -  14 August 2020

Payment Date -  28 August 2020

Dividend per Share -  0.714p

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

Tel:  [phone]
Fax: [phone]