PICTON PROPERTY INCOME LTD - Publication of Supplementary Prospectus

PR Newswire

21 January 2015

                        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 Rules
following the publication of the Company´s Net Asset Value for the quarter
ended 31 December 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 the
supplementary prospectuses published by the Company on 14 July 2014, 4 August
2014, 29 October 2014 and 21 November 2014 respectively, all in relation 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, property
investment 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 £315.7 million at 31December 2014, the Company´s objective
is to provide shareholders with an attractive level of income, together with
the potential for capital growth by investing in the principal commercial
property sectors.