Dividend Declaration

Standard Life Invs Property Inc Tst
09 February 2006


9 February 2006



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 2005 as follows:-



Ex Date 15 February 2006

Record Date 17 February 2006

Pay Date 28 February 2006

Dividend per Share 1.625p





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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