Holding(s) in Company

For filings with the FCA include the annex                                              
                                                                                        
For filings with issuer exclude the annex                                               
                                                                                        
                                                                                        
                                                                                        
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
1. Identity of the issuer or the underlying issuer                         Standard Life
of existing shares to which voting rights are                                Investments
attached:ii                                                              Property Income
                                                                               Trust Ltd
2 Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                            X
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                       X
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                          Brewin Dolphin Limited
notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                     19th November 2014
reached:v                                                                               
                                                                                        
6. Date on which issuer notified:                                     20th November 2014
                                                                                        
7. Threshold(s) that is/are crossed or                                               15%
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                             
                                                                                                 
A: Voting rights attached to sharesviii, ix                                                      
                                                                                                 
Class/type   Situation previous        Resulting situation after the triggering transaction      
of           to the triggering                                                                   
shares       transaction                                                                         
                                                                                                 
                                                                                                 
if possible  Number        Number      Number        Number of voting          % of  voting rightsx
using        of            of          of shares     rights                                      
the ISIN     Shares        Voting                                                                
CODE                       Rights                                                                
                                       Direct        Directxi    Indirectxii   Direct  Indirect    
                                                                                                 
             33,604,527    33,604,527  N/A           N/A         33,613,387    N/A     13.7637%    
ORD GBP0.01                                                                                      
GB0033875286                                                                                     
                                                                                                 
                                                                                                 
                                                                                                 
B: Qualifying Financial Instruments                                                              
                                                                                                 
Resulting situation after the triggering transaction                                             
                                                                                                 
Type of        Expiration    Exercise/                Number of voting             % of voting   
financial      datexiii      Conversion Periodxiv     rights that may be           rights        
instrument                                            acquired if the                            
                                                      instrument is                              
                                                      exercised/ converted.                      
                                                                                                 
                                                                                                 
                                                                                                 
C: Financial Instruments with similar economic effect to Qualifying Financial                    
Instrumentsxv, xvi                                                                               
                                                                                                 
Resulting situation after the triggering transaction                                             
                                                                                                 
Type of       Exercise     Expiration Exercise/      Number of voting rights    % of voting      
financial     price        datexvii   Conversion     instrument refers to       rightsxix, xx    
instrument                            periodxviii                                                
                                                                                                 
                                                                                                 
                                                                                Nominal Delta      
                                                                                                 
                                                                                                 
Total (A+B+C)                                                                                    
                                                                                                 
Number of voting rights                       Percentage of voting rights                        
                                                                                                 
33,613,387                                    13.7637%                                           
                                                                                                 


 

9. Chain of controlled undertakings through which the voting rights and/or the       
financial instruments are effectively held, if applicable:xxi                        
                                                                                     
Indirect - Brewin Nominees (Channel Islands) Limited -          200,360  0.0821 %    
Indirect - Brewin Nominees Limited - Individual Designations     64,000  0.0262 %    
Indirect - Brewin Nominees Limited  A/c NOM                   9,186,757  3.7617 %    
Indirect - Brewin Nominees Limited A/c ISA                   10,310,115  4.2217 %    
Indirect - Brewin Nominees Limited  A/c GROSS                 6,110,890  2.5022 %    
Indirect - Brewin Nominees Limited A/c CHARITY                7,741,265  3.1698 %    
                                                                                     
                                                 GRAND TOTAL 33,613,387 13.7637 %    
                                                                                     
                                                                                     
                                                                                     
Proxy Voting:                                                                        
                                                                                     
10. Name of the proxy holder:                                                        
                                                                                     
11. Number of voting rights proxy holder will cease                                  
to hold:                                                                             
                                                                                     
12. Date on which proxy holder will cease to hold                                    
voting rights:                                                                       
                                                                                     
                                                                                     
                                                                                     
                              Figures based on shares in issue of 244,216,165.       
13. Additional information:                                                          
                              The indirect voting rights under (9) relate to shares  
                              held in client portfolios, managed by those firms,     
                              under discretionary investment management agreements.  
                                                                                     
14. Contact name:                                                       Graham Brabbs
                                                                                     
15. Contact telephone number:                                           0191 230 7190