TIDMSLI 
 
20 February 2015 
 
            Standard Life Investments Property Income Trust Limited 
 
                               Result of Placing 
 
Further to the announcement on 12 February 2015, the Board of Standard Life 
Investments Property Income Trust Limited (the "Company") is pleased to 
announce that it has raised GBP24.4 million through the issue of 31,282,600 new 
ordinary shares of 1 penny each in the Company (the "New Shares") at a price of 
78.1 pence per New Share (the "Issue"). The Company has now issued the entire 
100 million ordinary shares available under its placing programme. 
 
The gross proceeds of the Issue are significantly in excess of the initial GBP16m 
target, providing capital for a strong pipeline of near term opportunities in 
addition to the imminent acquisition of the freehold retail warehouse property 
in Preston, announced on 12 February 2015. 
 
Application will be made for the New Shares to be admitted to the premium 
segment of the Official List and to trading on the Main Market of the London 
Stock Exchange. It is expected that dealings in the New Shares will commence at 
8.00 a.m. on 25 February 2015. 
 
The New Shares will, when issued, be credited as fully paid and rank pari passu 
with the existing ordinary shares of 1 penny each in the capital of the 
Company, including the right to receive all future dividends and distributions 
declared, made or paid save for the dividend payable on 20 February 2015 to 
shareholders on the register on 6 February 2015. 
 
Dick Barfield, Chairman of the Company, said: 
 
"We are delighted with the success of the placing programmethat waslaunched in 
July 2014, during which time the Company has raised over GBP85m and has invested 
in a number of new attractive opportunities. We would like to thank 
shareholders for their ongoing support." 
 
Enquiries: 
 
Standard Life Investments 
Gordon Humphries, Head of Investment Companies    +44 (0) 131 245 2735 
 
Winterflood Investment Trusts 
Graeme Caton                                      +44 (0) 20 3100 0268 
Neil Langford                                     +44 (0) 20 3100 0160 
 
 
 
 
END 
 

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