INVESCO PROPERTY INCOME TRUST LIMITED

PUBLICATION OF A CIRCULAR

Invesco Property Income Trust Limited (the "Company") has today published and issued to Shareholders a circular approved by the UK Listing Authority (the "Circular") in relation to the proposed appointment of Invesco Real Estate S.á r.l. ("Invesco Real Estate Management") as company secretary and administrator to the Company's Luxembourg-domiciled subsidiaries (the "Luxembourg Subsidiaries").

Invesco Real Estate Management is part of the same group of companies as Invesco Asset Management Limited, the Company's investment manager, and is therefore a related party of the Company under Chapter 15 of the Listing Rules. The proposed appointment of Invesco Real Estate Management as company secretary and administrator to the Luxembourg Subsidiaries will constitute a related party transaction for the purposes of the Listing Rules and accordingly is conditional on Independent Shareholder approval.

The Circular convenes an extraordinary general meeting of the Company to be held at 10.15 a.m on 17 June 2013 (the "Extraordinary General Meeting"). An ordinary resolution, to be approved by Independent Shareholders, will be proposed at the Extraordinary General Meeting to approve the Related Party Transaction.

Copies of the Circular will shortly be available for inspection at http:// www.morningstar.co.uk/uk/NSM.

Copies of the Circular are also available in electronic form on Invesco's website: www.invescoperpetual.co.uk/investmenttrusts and, until 17 June 2013, are available for collection from the registered office of the Company at Ordnance House, 31 Pier Road, St Helier, Jersey JE4 8PW.

Terms used and not defined in this announcement have the meanings given in the Circular.