PICTON PROPERTY INCOME LTD - Holding(s) in Company

PR Newswire

TR-1: Notifications of Major Interests in Shares


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


2. Reason for notification (yes/no)                                     Yes

An acquisition or disposal of voting rights                             No

An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are
attached                                                                No

An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments                                     No

An event changing the breakdown of voting rights                        No

Other (please specify):___________________________


3. Full name of person(s) subject to notification        Ameriprise Financial,
obligation:                                              Inc. and its group

4. Full name of shareholder(s) (if different from 3):    See additional
                                                         information under 13.

5. Date of transaction and date on which the threshold   05 November 2014
is crossed or reached:

6. Date on which issuer notified:                        07 November 2014

7. Threshold(s) that is/are crossed or reached:          Above the threshold of 5%



8: Notified Details

A: Voting rights attached to shares

Class/type of shares   Situation previous to the  Resulting situation after the triggering transaction
                       triggering transaction
If possible use ISIN   Number of      Number of   Number   Number of         Percentage of                                             code                   shares         voting      of       voting rights     voting rights
                                      rights      shares
                                                  Direct   Direct Indirect   Direct         Indirect

GB00B0LCW208           N/A            N/A         0        0      24,022,322 0.000%         5.470%



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Exercise/   No. of voting rights that may be  Percentage
financial   date       conversion  acquired if the instrument is     of voting
instrument             period      exercised/converted.              rights





C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of       Exercise Expiration Exercise /    No. of voting      Percentage of
financial     Price    date       conversion    rights instrument  voting rights
instrument                        period        refers to

                                                                   Nominal Delta






Total (A+B+C)

Number of voting rights           Percentage of voting rights

     24,022,322                              5.470%




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

Ameriprise Financial, Inc., which through intermediate holding companies
controls the voting rights of Columbia Management Investment Advisers, Columbia
Wanger Asset Management, Threadneedle Management Luxembourg S.A. and
Threadneedle Asset Management Holdings Ltd, which itself controls the voting
rights of Threadneedle Asset Management Ltd, Threadneedle International Ltd and
Threadneedle Pensions Ltd.



Proxy Voting:

10. Name of proxy holder:                                        N/A

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

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




13.          Registered Owner
Additional
information:

             HSBC Global Custody Nominee (UK) Limited            A/c 659167 1,958,671

             HSBC Global Custody Nominee (UK) Limited            A/c 671301   604,937

             HSBC Global Custody Nominee (UK) Limited            A/c 671314 8,242,942

             HSBC Global Custody Nominee (UK) Limited            A/c 671325 6,071,426

             HSBC Global Custody Nominee (UK) Limited            A/c 671337 3,235,058

             HSBC Global Custody Nominee (UK) Limited            A/c 671349 2,021,821

             HSBC Global Custody Nominee (UK) Limited            A/c 708312 1,881,123

             Littledown Nominees Ltd                             A/c 10479      6,344

14 Contact   Mark Powney, Threadneedle Group
name:


15. Contact  01793 363135
telephone
name: