Holding(s) in Company

Standard Life Invs Property Inc Tst
23 December 2003



      STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED ('Company')


Standard Life Investments Property Income Trust Limited has been advised that
Prudential Plc, and certain of its subsidiaries has control of 40,000,000 shares
as at 19th December 2003.  This represents 40% of the issued share capital of
the Company.



Enquiries:      Paul O'Connor
                Guernsey International Fund Managers Limited
                Company Secretary
                01481 745329




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