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
of existing shares to which voting rights are                 LIMITED
attached:ii

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                     YES

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                     J O HAMBRO CAPITAL
notification obligation:iii                                  MANAGEMENT LIMITED

4. Full name of shareholder(s)
 (if differentfrom 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                            17 DECEMBER 2014
reached:v

6. Date on which issuer notified:                            18 DECEMBER 2014

7. Threshold(s) that is/are crossed or                       ABOVE 5%
reached:vi, vii


8. Notified details:

A: Voting rights attached to sharesviii, ix

Class/type of    Situation         Resulting situation after the triggering transaction
shares           previous
                 to the triggering
                 transaction
if possible
using            Number   Number   Number     Number of voting     % of  voting rightsx
the ISIN CODE    of       of       of shares  rights
                 Shares   Voting
                          Rights   Direct     Directxi Indirectxii Direct   Indirect

GB00B0LCW208     21797339 21797339 23797339   23797339              5.42%



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration Exercise/              Number of voting       % of voting
instrument         date xiii  Conversion Period xiv  rights that may be     rights
                                                     acquired if the
                                                     instrument is
                                                     exercised/ converted.





Total (A+B)

Number of voting rights                  Percentage of voting rights

23797339                                 5.42%





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

NOT APPLICABLE



Proxy Voting:

10. Name of the proxy holder:                                                         -

11. Number of voting rights proxy holder will cease                                   -
to hold:

12. Date on which proxy holder will cease to hold                                     -
voting rights:

13. Additional information:                                  -

14. Contact name:                                            Simon Gartery

15. Contact telephone number:                                0207 747 5637