TR-1: Notifications of Major Interests in Shares1. Identity of the issuer or the underlying Picton Property Income Limitedissuer of existing shares to which votingrights are attached:2. Reason for notification (yes/no)An acquisition or disposal of voting rights NoAn acquisition or disposal of financial instruments which may Noresult in the acquisition of shares already issued to which votingrights are attachedAn acquisition or disposal of instruments with similar economic Noeffect to qualifying financial instrumentsAn event changing the breakdown of voting rights NoOther (please specify): Additional Listing of Issued Shares on Yes27.01.20153. Full name of person(s) subject to Ameriprise Financial, Inc. and itsnotification obligation: group4. Full name of shareholder(s) (if See additional information under 13.different from 3):5. Date of transaction and date on 27 January 2015which the threshold is crossed orreached:6. Date on which issuer notified: 29 January 20157. Threshold(s) that is/are crossed or Below the threshold of 5%reached:8: Notified DetailsA: Voting rights attached to sharesClass/type Situation previous to Resulting situation after the triggeringof shares the triggering transaction transactionIf possibleuse ISINcode Number of Number of Number of Number of voting Percentage of shares voting shares rights voting rights rights Direct Direct Indirect Direct IndirectGB00B0LCW208 24,022,322 24,022,322 0 0 24,126,592 0.000% 4.937%B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration date Exercise/ No. of voting rights Percentagefinancial conversion that may be acquired of votinginstrument period if the instrument is rights exercised/converted.C: Financial Instruments with similar economic effect to Qualifying FinancialInstrumentsResulting situation after the triggering transactionType of Exercise Expiration Exercise / No. of voting Percentage offinancial Price date conversion rights voting rightsinstrument period instrument refers to Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rights24,126,592 4.937%9. Chain of controlled undertakings through which the voting rights and /orthe financial instruments are effectively held, if applicable:Ameriprise Financial, Inc., which through intermediate holding companiescontrols the voting rights of Columbia Management Investment Advisers,Columbia Wanger Asset Management, Threadneedle Management Luxembourg S.A. andThreadneedle Asset Management Holdings Ltd, which itself controls the votingrights of Threadneedle Asset Management Ltd, Threadneedle International Ltdand Threadneedle Pensions Ltd.Proxy Voting:10. Name of proxy holder: N/A11. Number of voting rights proxy N/Aholder will cease to hold:12. Date on which proxy holder will N/Acease to hold voting rights:13. Additional information: Registered Owner HSBC Global Custody Nominee (UK) Limited A/c 659167 1,973,935 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 6,111,385 HSBC Global Custody Nominee (UK) Limited A/c 671337 3,258,001 HSBC Global Custody Nominee (UK) Limited A/c 671349 2,036,173 HSBC Global Custody Nominee (UK) Limited A/c 708312 1,892,875 Littledown Nominees Ltd A/c 10479 6,34414 Contact name: Mark Powney, Threadneedle Group15. Contact telephone name: 01793 363135