8 March 2024

PICTON PROPERTY INCOME LIMITED

('Picton' or the 'Company')

LEI: 213800RYE59K9CKR4497

Notice of Directorate Change

Picton announces that Maria Bentley has informed the Company of her intention to step down from the Board as non-executive director and Chair of the Remuneration Committee on 30 July 2024.

This follows Maria's appointment as Chair of Daiwa Capital Markets Europe Limited with effect from 1 April 2024, where she is currently a non-executive director and Remuneration Committee Chair.

The Board will immediately commence a search for a suitable successor and a further update will be provided in due course.

Lena Wilson, Chair, commented:

"On behalf of the Board, I would like to thank Maria for her considerable contribution to the Company, particularly in her role as Remuneration Committee Chair and also for her work on employee engagement and sustainability. The Board wishes her every success in her new role."

This notification is made in accordance with LR 9.6.11R(2).

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK MARKET ABUSE REGULATION.

For further information:

Picton

Kathy Thompson, Company Secretary

020 7011 9988, kathy.thompson@picton.co.uk

About Picton

Picton, established in 2005, is a UK REIT. It owns and actively manages a £745 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 31 December 2023).

Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

For more information please visit: www.picton.co.uk

ENDS