PICTON PROPERTY INCOME LTD - Publication of Supplementary Prospectus

PR Newswire

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.