Dividend Declaration

Standard Life Invs Property Inc Tst
10 May 2007


10 May 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 March 2007 as follows:-

        Ex Date                16 May 2007
        Record Date            18 May 2007
        Pay Date               31 May 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]




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