RNS Number:4113O
Standard Life Invs Property Inc Tst
20 February 2008


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

1. Identity of the issuer or the underlying issuer of existing       Standard Life Property Income Trust
shares to which voting rights are attached(ii):                                    Limited
2. Reason for the notification     (please tick the appropriate box or boxes)
An acquisition or disposal of voting rights                                                         X
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 notification obligation    ING Real Estate Management (UK Funds)
(iii):                                                                               Ltd
4. Full name of shareholder(s) (if different from 3.)(iv):                         N/A
5. Date of the transaction (and date on which the threshold is                11 February 2008
crossed or reached if different)(v):
6. Date on which issuer notified:                                             13 February 2008
7. Threshold(s) that is/are crossed or reached:                                      6%
8. Notified details:










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

   Ord GBP 0.01     6,392,728     6.146%                                 5,392,728               5.185%



   GB0033875286


B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial     Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument            xiii            Period/ Date xiv          that may be acquired if    rights
                                                                the instrument is
                                                                exercised/ converted.



Total (A+B)
Number of voting rights                             % of voting rights
                     5,392,728                                              5.185%










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



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 information:
14. Contact name:                            Dave Sauvarin
15. Contact telephone number:                01481 7455529



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