For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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 Ltd
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
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 19th November 2014
reached:v
6. Date on which issuer notified: 20th November 2014
7. Threshold(s) that is/are crossed or 15%
reached: vi, vii
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction
if possible Number Number Number Number of voting % of voting rightsx
using of of of shares rights
the ISIN Shares Voting
CODE Rights
Direct Directxi Indirectxii Direct Indirect
33,604,527 33,604,527 N/A N/A 33,613,387 N/A 13.7637%
ORD GBP0.01
GB0033875286
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting
financial datexiii Conversion Periodxiv rights that may be rights
instrument acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial
Instrumentsxv, xvi
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/ Number of voting rights % of voting
financial price datexvii Conversion instrument refers to rightsxix, xx
instrument periodxviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
33,613,387 13.7637%
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 - 200,360 0.0821 %
Indirect - Brewin Nominees Limited - Individual Designations 64,000 0.0262 %
Indirect - Brewin Nominees Limited A/c NOM 9,186,757 3.7617 %
Indirect - Brewin Nominees Limited A/c ISA 10,310,115 4.2217 %
Indirect - Brewin Nominees Limited A/c GROSS 6,110,890 2.5022 %
Indirect - Brewin Nominees Limited A/c CHARITY 7,741,265 3.1698 %
GRAND TOTAL 33,613,387 13.7637 %
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 244,216,165.
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: Graham Brabbs
15. Contact telephone number: 0191 230 7190