Employee Benefit Trust Share Purchase

21 July 2020

PICTON PROPERTY INCOME LIMITED

(“Picton”, the “Company” or the “Group”)

LEI: 213800RYE59K9CKR4497

Employee Benefit Trust Share Purchase

The Company was notified on 20 July 2020 by Intertrust Employee Benefit Trustee Limited, as trustee of the Picton Property Income Limited Employee Benefit Trust (the "Trust"), that it had completed the purchase of 12,475 ordinary shares in the Company at a share price of 67.0 pence.

The Trust holds shares for the benefit of the Company's employees and in particular to satisfy awards made under the Company's Long-term Incentive Plan and Deferred Bonus Plan.

The Trust holds 1,460,730 ordinary shares representing approximately 0.3% of the Company's current voting rights.

For further information please contact:

Tavistock

Jeremy Carey/James Verstringhe, 020 7920 3150, [e-mail]

Picton Property Income Limited

Michael Morris, 020 7011 9980

Note to Editors

Picton, established in 2005, is a UK REIT. It owns and actively manages a £665 million diversified UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 31 March 2020). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

For more information please visit: www.picton.co.uk.

ENDS