Holding(s) in Company-Replace

Standard Life Invs Property Inc Tst
24 December 2003

                    STOCK EXCHANGE ANNOUNCEMENT - Amendment



   The following announcement replaces the Holding(s) in Company announcement
             released on 23 December 2003 under RNS number 6312T.
    The amount of shares purchased/sold should have read 10,000,000 and not
                        40,000,000 as previously stated.

       All other details remain unchanged.  The full text appears below.





      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 10,000,000 shares
as at 19th December 2003.  This represents 10% of the issued share capital of
the Company.





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


                      This information is provided by RNS
            The company news service from the London Stock Exchange