TIDMSLI 
 
12 June 2015 
 
Standard Life Investments Property Income Trust Limited 
 
Intention to issue equity 
 
The Board of Standard Life Investments Property Income Trust Limited (the 
"Company") announces that the Company is seeking to raise approximately GBP9 
million through a cash placing to institutional investors of new ordinary 
shares of 1 pence each in the Company (the "New Shares") (the "Placing"). The 
Placing is pursuant to the disapplication of pre-emption rights approved by 
shareholders at the Company's AGM on 27 May 2015. 
 
The Company has a number of current opportunities in which to invest the net 
proceeds of the issue in accordance with the Company's investment policy. 
 
The Placing is expected to close at 2.00 p.m. (London time) on 19 June 2015 but 
may close earlier or later at the absolute discretion of the Company.  The 
issue price per New Share will be 80.25 pence, representing a premium of 
approximately 6 per cent. to the Company's unaudited net asset value per share 
of 75.6 pence as at 31 March 2015 (after adjusting for the dividend paid on 22 
May 2015 in respect of the period to 31 March 2015). 
 
The Placing will be made to Qualified Investors (as defined in section 86(7) of 
the Financial Services and Markets Act 2000 (as amended)) through Winterflood 
Securities Limited ("Winterflood"). The decision to allot New Shares to any 
Qualified Investor and the actual issue size shall be at the absolute 
discretion of the Company and Winterflood. 
 
Application will be made for the New Shares to be admitted to the premium 
segment of the Official List and to trading on the Main Market of the London 
Stock Exchange. It is expected that dealings in the New Shares will commence at 
8.00 a.m. on 25 June 2015. 
 
The New Shares will, when issued, be credited as fully paid and rank pari passu 
with the existing ordinary shares of 1 pence each in the capital of the 
Company, including the right to receive all future dividends and distributions 
declared, made or paid. 
 
Enquiries: 
 
Standard Life Investments 
Gordon Humphries, Head of Investment Companies   +44 (0) 131 245 2735 
 
Winterflood Investment Trusts 
Graeme Caton                                     +44 (0) 20 3100 0268 
Darren Willis                                    +44 (0) 20 3100 0258 
 
 
 
END
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