IPI Invesco Pty

              TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of  Invesco Property Income
existing shares to which voting rights are attached    Trust Limited
(ii):

2. Reason for the notification

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):

3.Full name of person(s) subject to the notification   Numis Securities Limited
obligation (iii):

4.Full name of shareholder(s) (if different from 3.)
(iv):

5.Date of the transaction (and date on which the       19 February 2014
threshold is crossed or reached if different) (v):

6.Date on which issuer notified:                       20 February 2014

7.Threshold(s) that is/are crossed or reached:         10%

8.Notified details:

A: Voting rights attached to shares

Class/type   Situation previous to    Resulting situation after the triggering
of shares if    the triggering                   transaction (vii)
possible       transaction (vi)
using the
ISIN CODE

             Number of  Number of  Number of   Number of voting     % of voting
               Shares     Voting     shares         rights            rights
                          Rights                     (ix)
                          (viii)

                                                Direct   Indirect Direct Indirect
                                                 (x)       (x)

GB00B02TTS55 14,882,840 14,882,840 15,328,758 15,328,758          10.02%

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of        Expiration  Exercise/Conversion    Number of voting      % of
financial     date (xiii)   Period/Date (xiv)    rights that may be    voting
instrument                                        acquired if the      rights
                                                   instrument is
                                                exercised/converted


Total (A+B)

Number of voting rights                 % of voting rights

15,328,758                              10.02%

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:

11.Number of voting rights proxy holder will cease
to hold:

12.Date on which proxy holder will cease to hold
voting rights:

13.Additional information:                         Notification using total
                                                   voting rights of 153,000,000

14.Contact name:                                   Paul Griggs

                                                   Invesco Asset Management
                                                   Limited.

15.Contact telephone number:                       0207 065 4517