Standard Life Investments Property Income Trust Ltd. announced retirement of Mr. Paul Orchard-Lisle as Chairman and non-executive Director of the Board with effect from May 28, 2014. Following Paul retirement, Mr. Richard Barfield has been appointed as Chairman. In addition, the company announced the appointment of Robert Peto as a non-executive Director of the company with effect from May 28, 2014.

Mr. Peto is part time Chairman of DTZ Investment Management Ltd.