Holding(s) in Company

Standard Life Invs Property Inc Tst
21 June 2007



TR-1(i): notification of major interests in shares

1. Identity of the issuer or the underlying issuer Standard Life Property Income
of existing shares to which voting rights are      Trust Limited
attached(1):                                       --------------------
-------------------------------
2. Reason for the notification (please tick the appropriate box or boxes)
                                                                            -------
--------------------------------------------
An acquisition or disposal of voting rights
--------------------------------------------                               -------
An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are        -------
attached
--------------------------------------------
An event changing the breakdown of voting rights
--------------------------------------------                               -------
Other (please specify):____Disclosure for purposes of
transparency_______                                                        -------
--------------------------------------------
3. Full name of person(s) subject to the           Brewim Dolphin Secrurities
notification obligation(1):                        Limited
-------------------------------                    --------------------
4. Full name of shareholder(s) (if different from  N/A
3.)(1):                                            --------------------
-------------------------------
5. Date of the transaction (and date on which the  7th June 2007
threshold is crossed or reached if different)(1):  --------------------
-------------------------------
6. Date on which issuer notified:                  8th June 2007
-------------------------------                    --------------------
7. Threshold(s) that is/are
crossed or reached:                                                             5%
-------------------------------                                --------------------
8. Notified details:
-------------------------------                                --------------------



A: Voting rights attached to shares
Class/type of  Situation previous   Resulting situation after the triggering
shares         to the Triggering    transaction(1)
               transaction (1)
if possible
using the ISIN Number   Number of   Number   Number of voting   % of voting
CODE           of       Voting      of       rights ix          rights
               Shares   Rights      shares
                        viii        Direct   Direct Indirect    Direct   Indirect
                                             x      xi

Ord GBP 0.01   Below    Below 5%    N/A      N/A    5,533,529   N/A        5.3207%
               5%

GB0033875286



B: Financial Instruments


Resulting situation after the triggering transaction xii


Type of      Expiration Exercise/      Number of voting rights that may % of
financial    date       Conversion     be acquired if the instrument is voting
instrument   xiii       Period/ Date   exercised/ converted.            rights
                        xiv



Total (A+B)


Number of voting rights                      % of voting rights

     5,533,529                              5.3207%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable xv:

Indirect - Brewin Nominees Charities Limited - 74,775 - 0.0719%
Indirect - Brewin Nominees (Channel Islands) Limited - 133,500 - 0.1284%
Indirect - Brewin Nominees Limited - 441,855 - 0.4249%
Indirect - Giltspur Nominees Limited - 3,418,974 - 3.2875%
Indirect - Four Yards Nominees Limited - 41,000 - 0.0394%
Indirect - BDS Nominees Limited - 859,300 - 0.8262%
Indirect - Brewin Nominees Limited a/c Charity - 564,125 - 0.5424%

Proxy Voting:

10. Name of the proxy holder:                                             N/A
11. Number of voting rights proxy holder will cease to hold:              N/A
12. Date on which proxy holder will cease to hold voting rights:          N/A

13. Additional Figures based on shares in Issue of 104,000,000
information:

               The Indirect voting rights under (9) relate to shares held in
               client portfolios, managed by those firms, under discretionary
               investments management agreements.

14. Contact    Yiu Ming Ly ASI
name:

15. Contact
telephone
number:        0191 279 7597



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