Standard Life Investments Property Income Trust

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED
(LSE: SLI)

LEI: 549300HHFBWZRKC7RW84

Director Dealing
24 October 2017

In accordance with Article 19(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (The Market Abuse Regulation), the Company has been notified that Mr James Clifton-Brown (non-executive director of the Company) has purchased Sterling shares of the Company. Details of the transaction are as set out below.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name		James Clifton-Brown
2	Reason for the notification
a)	Position/status		Director
b)	Initial notification /Amendment		Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Standard Life Investments Property Income Trust Limited
b)	LEI [Legal Entity Identifier code]	549300HHFBWZRKC7RW84
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Sterling shares GB0033875286
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		£0.9169p		21,500
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	24 October 2017
f)	Place of the transaction	London Stock Exchange