Holding(s) in Company

TR-1: Notifications of Major Interests in Shares                               
                                                                               
                                                                               
1. Identity of the issuer or the underlying issuer of        Picton Property   
existing shares to which voting rights are attached:         Income Limited    
                                                                               
                                                                               
2. Reason for notification (yes/no)                                     Yes    
                                                                               
An acquisition or disposal of voting rights                             No     
                                                                               
An acquisition or disposal of financial instruments which may result in        
the acquisition of shares already issued to which voting rights are            
attached                                                                No     
                                                                               
An acquisition or disposal of instruments with similar economic effect         
to qualifying financial instruments                                     No     
                                                                               
An event changing the breakdown of voting rights                        No     
                                                                               
Other (please specify):___________________________                             
                                                         
                     
3. Full name of person(s) subject to notification        Ameriprise Financial, 
obligation:                                              Inc. and its group    
                                                                               
4. Full name of shareholder(s) (if different from 3):    See additional        
                                                         information under 13. 
                                                                               
5. Date of transaction and date on which the threshold   05 November 2014      
is crossed or reached:                                                         
                                                                               
6. Date on which issuer notified:                        07 November 2014      
                                                                               
7. Threshold(s) that is/are crossed or reached:          Above the threshold of 5%                    
                                                                               


8: Notified Details        

A: Voting rights attached to shares    

Class/type of shares   Situation previous to the  Resulting situation after the triggering transaction   
                       triggering transaction                                                                                          
If possible use ISIN   Number of      Number of   Number   Number of         Percentage of                                             code                   shares         voting      of       voting rights     voting rights       
                                      rights      shares                                                                               
                                                  Direct   Direct Indirect   Direct         Indirect 

GB00B0LCW208           N/A            N/A         0        0      24,022,322 0.000%         5.470%  



B: Qualifying Financial Instruments   
                                          
Resulting situation after the triggering transaction                            
                                                                                
Type of     Expiration Exercise/   No. of voting rights that may be  Percentage 
financial   date       conversion  acquired if the instrument is     of voting  
instrument             period      exercised/converted.              rights     
                                                                                
                                                                                
                                                                                


C: Financial Instruments with similar economic effect to Qualifying Financial Instruments      

Resulting situation after the triggering transaction                             
                                                                                
Type of       Exercise Expiration Exercise /    No. of voting      Percentage of
financial     Price    date       conversion    rights instrument  voting rights
instrument                        period        refers to                       
                                                                                
                                                                   Nominal Delta
                                                                                
                                                                                
                                                                                

 

Total (A+B+C)                                      
                                                   
Number of voting rights           Percentage of voting rights
                                                   
     24,022,322                              5.470%                     
                                                    



9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
Ameriprise Financial, Inc., which through intermediate holding companies       
controls the voting rights of Columbia Management Investment Advisers, Columbia
Wanger Asset Management, Threadneedle Management Luxembourg S.A. and           
Threadneedle Asset Management Holdings Ltd, which itself controls the voting   
rights of Threadneedle Asset Management Ltd, Threadneedle International Ltd and
Threadneedle Pensions Ltd.                                                     
                                                                               


Proxy Voting:                                                       
                                                                    
10. Name of proxy holder:                                        N/A
                                                                    
11. Number of voting rights proxy holder will cease to hold:     N/A
                                                                    
12. Date on which proxy holder will cease to hold voting rights: N/A
                                                                    
                                                                    
                    

13.          Registered Owner                                                                               
Additional                                                                                                  
information:                                                                                                
                                                                                                            
             HSBC Global Custody Nominee (UK) Limited            A/c 659167 1,958,671
                                                                                                           
             HSBC Global Custody Nominee (UK) Limited            A/c 671301   604,937
                                                                                                            
             HSBC Global Custody Nominee (UK) Limited            A/c 671314 8,242,942
                                                                                                        
             HSBC Global Custody Nominee (UK) Limited            A/c 671325 6,071,426
                                                                                                            
             HSBC Global Custody Nominee (UK) Limited            A/c 671337 3,235,058
                                                                                                            
             HSBC Global Custody Nominee (UK) Limited            A/c 671349 2,021,821
                                                                                                            
             HSBC Global Custody Nominee (UK) Limited            A/c 708312 1,881,123
                                                                                                            
             Littledown Nominees Ltd                             A/c 10479      6,344
                                                                                                            
14 Contact   Mark Powney, Threadneedle Group                                                                
name:                                                                                                       
                                                                                                            
                                                                                                            
15. Contact  01793 363135                                                                                   
telephone                                                                                                   
name: