For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer STANDARD LIFE
of existing shares to which voting rights are INVESTMENTS
attached:ii PROPERTY INCOME
TRUST LIMITED
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights X
Other (please specify):
3. Full name of person(s) subject to the Brewin Dolphin Limited
notification obligation:iii
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 30th July 2014
reached: v
6. Date on which issuer notified: 31st July 2014
7. Threshold(s) that is/are crossed or 20%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction
Number Number Number Number of voting % of voting rights x
if possible of of of rights
using Shares Voting shares
the ISIN Rights
CODE Direct Direct xi Indirect Direct Indirect
xii
ORD GBP0.01
GB0033875286 32,142,767 32,142,767 N/A N/A 34,474,313 N/A 16.3611%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting
financial date xiii Conversion Period rights that may be rights
instrument xiv acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi
Resulting situation after the triggering transaction
Type of Exercise price Expiration Exercise/ Number of voting rights % of voting
financial date xvii Conversion instrument refers to rights xix, xx
instrument period
xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
34,474,313 16.3611%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Indirect - Brewin Nominees (Channel Islands) Limited - 315,360 0.1496 %
Indirect - Brewin Nominees Limited - 6,325,185 3.0019 %
Indirect - Giltspur Nominees Limited - 9,550,618 4.5326 %
Indirect - BDS Nominees Limited - 10,638,435 5.0489 %
Indirect - Brewin Nominees Limited A/c Charity - 7,644,715 3.6281 %
GRAND TOTAL 34,474,313 16.3611 %
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:
Figures based on shares in issue of 210,709,237
13. Additional information:
The indirect voting rights under (9) relate to shares held
in client portfolios, managed by those firms, under
discretionary investment management agreements.
14. Contact name: Mark Taylor
15. Contact telephone number: 0191 279 7332