Dividend Declaration

Standard Life Invs Property Inc Tst
08 February 2007


08 February 2007

Standard Life Investments Property Income Trust Limited

Re: Dividend Announcement

The Directors of Standard Life Investments Property Income Trust Limited ('the
Directors') have declared that an interim dividend be payable in respect of the
quarter ended 31 December 2006 as follows:-

Ex Date 14 February 2007
Record Date 16 February 2007
Pay Date 28 February 2007
Dividend per Share 1.690p


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]

END



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