London, October 29
29 October 2014 PICTON PROPERTY INCOME LIMITED ("Picton" or the "Company") Publication of Supplementary Prospectus Picton Property Income Limited (the "Company") has published a supplementary prospectus approved by the UK Listing Authority. The publication of the supplementary prospectus is a regulatory requirement under the Prospectus Rulesfollowing the publication of the Company´s Net Asset Value for the quarter ended 30 September 2014. The supplementary prospectus is supplemental to, and should be read in conjunction with, the Prospectus published by the Company on 1 May 2014 and thesupplementary prospectuses published by the Company on 14 July 2014 and 4 August 2014, all inrelation to the Placing Programme. Copies of the supplementary prospectus will shortly be available for inspection at www.hemscott.com/nsm.do and on the Company´s website at www.pictonproperty.co.uk ENDS For further information: Northern Trust International Fund Telephone: 44 1481 745 529 Administration Services (Guernsey) Limited David Sauvarin The Company Secretary Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Picton Capital Limited Telephone: 44 20 7628 4800 Michael Morris J.P. Morgan Cazenove Telephone: 44 20 7742 4000 William Simmonds Oriel Securities Limited Telephone: 44 20 7710 7600 Roger Clarke Tavistock Communications Telephone: 44 20 7920 3150 Jeremy Carey, James Verstringhe Note to Editors Picton Property Income Limited (´Picton´) is an income focused, propertyinvestment company listed on the London Stock Exchange. It was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom. With Net Assets of £273.7 million at 30 September 2014, the Company´s objective isto provide shareholders with an attractive level of income, together with thepotential for capital growth by investing in the principal commercial property sectors.