Borrowing Facilities

Standard Life Invs Property Inc Tst
13 September 2006


Standard Life Investments Property Income Trust Limited ('SLIPIT')


To: Company Announcements
Date: 13 September 2006


Subject: Additional Borrowing Facility


SLIPIT has renegotiated its existing £85m term loan facility with The Royal Bank
of Scotland plc by reducing the applicable interest margin from 0.675% to 0.6%.
All other terms of the loan remain unchanged.


In addition SLIPIT has put in place a £30m revolving credit facility, where the
interest rate is floating at Libor plus a margin of 0.6%.



All enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]
Fax: [phone]

Gordon Humphries
Head of Investment Companies
Standard Life Investment Companies

0131 245 2735






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