Change of Name (Officers)

Standard Life Invs Property Inc Tst
31 August 2005


                         STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                                            31 August, 2005

            STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED
          (A closed-ended investment company incorporated in Guernsey
                        with registration number 41352)

                                  (the 'Fund')

Re: Change of Name of Administrator, Company Secretary & Registrar


The Directors of the Fund wish to announce that the following name changes will
take effect from 31 August, 2005.

The Administrator will change its name from Guernsey International Fund Managers
Limited to Northern Trust International Fund Administration Services (Guernsey)
Limited;

the Company Secretary will change its name Guernsey International Fund Managers
Limited to Northern Trust International Fund Administration Services (Guernsey)
Limited;

the Registrar will change its name from to Guernsey International Fund Managers
Limited to Northern Trust International Fund Administration Services (Guernsey)
Limited;


Enquiries:

Guernsey International Fund Managers Limited Jane Goodier    [phone]


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