TR-1: Notifications of Major Interests in Shares1. Identity of the issuer or the underlying issuer of Picton Propertyexisting shares to which voting rights are attached: Income Limited2. Reason for notification (yes/no) YesAn acquisition or disposal of voting rights NoAn acquisition or disposal of financial instruments which may result inthe acquisition of shares already issued to which voting rights areattached NoAn acquisition or disposal of instruments with similar economic effectto qualifying financial instruments NoAn event changing the breakdown of voting rights NoOther (please specify):___________________________3. Full name of person(s) subject to notification Ameriprise Financial,obligation: Inc. and its group4. 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 2014is crossed or reached:6. Date on which issuer notified: 07 November 20147. Threshold(s) that is/are crossed or reached: Above the threshold of 5%8: Notified DetailsA: Voting rights attached to sharesClass/type of shares Situation previous to the Resulting situation after the triggering transaction triggering transactionIf 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 IndirectGB00B0LCW208 N/A N/A 0 0 24,022,322 0.000% 5.470%B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ No. of voting rights that may be Percentagefinancial date conversion acquired if the instrument is of votinginstrument period exercised/converted. rightsC: Financial Instruments with similar economic effect to Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Exercise Expiration Exercise / No. of voting Percentage offinancial Price date conversion rights instrument voting rightsinstrument period refers to Nominal DeltaTotal (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 thefinancial instruments are effectively held, if applicable:Ameriprise Financial, Inc., which through intermediate holding companiescontrols the voting rights of Columbia Management Investment Advisers, ColumbiaWanger Asset Management, Threadneedle Management Luxembourg S.A. andThreadneedle Asset Management Holdings Ltd, which itself controls the votingrights of Threadneedle Asset Management Ltd, Threadneedle International Ltd andThreadneedle Pensions Ltd.Proxy Voting:10. Name of proxy holder: N/A11. Number of voting rights proxy holder will cease to hold: N/A12. Date on which proxy holder will cease to hold voting rights: N/A13. Registered OwnerAdditionalinformation: 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 6,34414 Contact Mark Powney, Threadneedle Groupname:15. Contact 01793 363135telephonename: