PICTON PROPERTY INCOME LTD - Holding(s) in Company

PR Newswire


For filings with the FCA include the annex
For filings with issuer exclude the annex


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer      Picton Property Income Limited
of existing shares to which voting rights are
attached:ii

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 theacquisition 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

Other (please specify):

3. Full name of person(s) subject to the                   Investec Wealth & Investment
notification obligation:iii                                          Limited

4. Full name of shareholder(s)                                         N/A
 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                                21st October 2014
reached:v

6. Date on which issuer notified:                                22nd October 2014

7. Threshold(s) that is/are crossed or                           From 18% to 19%
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




Ordinary     83,436,883    83,436,883                            83,492,083          19.01%
shares

GB00B0LCW208




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

83,492,083                                    19.01%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:xxi

Client holdings registered in the name of Nominee companies 100% owned by
Investec Wealth & Investment Limited.



Proxy Voting:


10. Name of the proxy holder:                                          N/A


11. Number of voting rights proxy holder will cease                    N/A
to hold:

12. Date on which proxy holder will cease to hold                      N/A
voting rights:


13. Additional information:                                            N/A



14. Contact name:                                     Phil Beardwell Chartered FCSI
                                                        Senior Compliance Manager


15. Contact telephone number:                                 020 7597 1356