TIDMSLI 
 
18 June 2015 
 
            Standard Life Investments Property Income Trust Limited 
 
                               Result of Placing 
 
Further to the announcement on 12 June 2015, the Board of Standard Life 
Investments Property Income Trust Limited (the "Company") is pleased to 
announce that it has raised GBP9.3 million through the issue of 11,607,923 new 
ordinary shares of 1 penny each in the Company (the "New Shares") at a price of 
80.25 pence per New Share (the "Issue"). 
 
The Issue was oversubscribed and, as such, the placing has closed early and 
orders have been scaled back accordingly. The number of New Shares to be issued 
reflects the maximum amount permissible without the publication of a prospectus 
pursuant to the prospectus exemption PR1.2.3(1). 
 
The net proceeds of the Issue will be used to invest in current opportunities 
in line with the Company's investment policy. 
 
Applications 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 24 June 2015. 
 
The New Shares will, when issued, be credited as fully paid and rank pari passu 
with the existing ordinary shares of 1 penny each in the capital of the Company 
("Ordinary Shares"), including the right to receive all future dividends and 
distributions declared, made or paid. 
 
The total number of Ordinary Shares in issue stands at 288,387,160 following 
the Issue, and the total number of voting rights in the Company is 288,387,160. 
There are no shares held in Treasury. 
 
The above figure may be used by shareholders as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or a change to their interest in, the Company under the FCA's 
Disclosure and Transparency Rules. 
 
 
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 
Neil Langford                                    +44 (0) 20 3100 0160 
 
 
 
 
END
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