INVESCO PROPERTY INCOME TRUST LIMITED - Discussions with lending bank and suspension of listing

                     Invesco Property Income Trust Limited

            Discussions with lending bank and suspension of listing

As previously disclosed, the Directors do not expect the Company to have
realised its property assets in time to meet the repayment date of 28 September
2014 under its borrowing facility, or to be able to meet in full the amounts
due. The Directors and Investment Manager have been in discussions with the
lending bank for some time to address this situation and to secure funding for
the Group beyond 28 September 2014.

The outcome of these discussions with the lending bank is summarised as
follows:

  * The lending bank has indicated its intention to grant a three-month
    extension to the facility beyond 28 September 2014;

  * In consequence, the Board and Investment Manager have no option but to
    accelerate its disposal programme so as to seek purchasers immediately for
    all the group's remaining assets; and

  * The Board and Investment Manager will work with the lending bank and its
    advisers in marketing the remaining property assets.

It is not expected that the lending bank will be repaid in full from the
proceeds of the sale of the remaining assets, or that any amounts due to
Invesco Limited under its loan facility will be paid. The lending bank has
agreed that provision can be made for the Group to meet its liabilities to
existing trade and other creditors and any further liabilities and obligations
incurred during the remaining disposal programme and in the winding up of the
Company and its subsidiaries.

These conclusions to the discussions make it, in the Directors' opinion,
virtually certain that there will be no return for shareholders on completion
of the Company's winding up. The Directors accordingly have agreed with the UK
Listing Authority and the Channel Islands Securities Exchange Ltd that the
listing of the Company's shares will be suspended with effect from 6.00 p.m.
this evening.

The discussions with the lending bank have delayed finalisation of the
Company's Annual Financial Report for the year ended 31 March 2014. The
financial statements will be published in due course following Board approval.

28 July 2014

Enquiries:

Invesco Asset Management
Angus Pottinger 020 3753 1000
Rory Morrison 020 7543 3500

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