PICTON PROPERTY INCOME LTD - Director/PDMR Shareholding

11 February 2015

                        PICTON PROPERTY INCOME LIMITED

                          ("Picton" or the "Company")

                          Director/PDMR Shareholding

Pursuant to Listing Rule DTR3.1, Picton Property Income Limited announces that
the following beneficial holding of ordinary shares was acquired by Mr Andrew
Dewhirst on 11 February 2015.

1,700 ordinary shares at 69.7p representing 0.00035% of the Company's issued
share capital. The shares are registered under Barclays Stockbrokers.Mr
Dewhirst is the beneficial holder of a total of 15,000 ordinary shares
representing 0.00307% of the Company's issued share capital.

                                    -ENDS-

For further information:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

David Sauvarin
Tel: [phone]
Fax: [phone]

Note to Editors

Picton Property Income Limited ('Picton') is an income focused property
investment company listed on the London Stock Exchange. Picton can invest both
directly and indirectly in commercial property across the United Kingdom.

With Net Assets of £315.7 million at 31 December 2014 and approximately 870
investors, 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. www.pictonproperty.co.uk

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