To:       Company Announcements

Date:    9 May 2017

Company:  Standard Life Investments Property Income Trust Limited

Subject:  Dividend Declaration

First Interim Dividend

The Directors of Standard Life Investments Property Income Trust Limited (the "Directors") have declared that a property income dividend be payable in respect of the quarter ended 31 March 2017 as follows;

Ex-Dividend Date -    18 May 2017

Record Date -            19 May 2017

Payment Date -         31 May 2017

Dividend per Share -  1.19p


All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Sharon A Williams
Tel:  01481 745436
Fax: 01481 745186