Following the emergence of the Covid-19 pandemic Robert Peto, the Chair of Standard Life Investments Property Income Trust Limited, deferred his retirement from the Board which was originally planned for June 2020. As the situation has developed over the summer and a clearer view is beginning to emerge of the future, the Board has agreed that Robert should step down following the next meeting of the Board on 25 August 2020 and be succeeded as Chair by James Clifton-Brown.