PICTON PROPERTY INCOME LD

Board/Management Information • Oct 12, 2020

National Storage Mechanism | Additional information

Picton Property Income Ltd - Directorate Change

PR Newswire

London, October 9

12 October 2020

**PICTON PROPERTY INCOME LIMITED

(“Picton”, the “Company” or the “Group”)**

LEI: 213800RYE59K9CKR4497

Appointment of Chair Designate and Non-Executive Director

Picton announces the appointment of Lena Wilson CBE as a Non-Executive Director, effective from 1 January 2021 and as Chair Designate.

Lena brings a wealth of business experience to the role. She is currently on a number of Boards as a Non-Executive Director, including NatWest Group plc, Intertek Group plc and Argentex Group PLC, and is also Chair of Chiene + Tait LLP. Previously, Lena was Chief Executive of Scottish Enterprise from 2009 until 2017 and prior to that, was a Senior Investment Advisor at The World Bank.  

Lena will take over as Chair effective 1 February 2021 following a handover from Nicholas Thompson.

Nicholas Thompson, Chair of Picton commented: “We are delighted to appoint Lena to the Picton Board, recognising the wealth of experience she brings. I look forward to working with her prior to my departure next year.”

Lena Wilson, commented: “I am looking forward to joining Picton, becoming its new Chair and working alongside the Board and management team as they continue to grow the business.’

Details that are required to be disclosed in respect of Lena Wilson’s appointment under Rule 9.6.13 of the Listing Rules of the UK Listing Authority are:

Current Directorships or Partnerships	Previous Directorships or Partnerships
Argentex Group PLC Intertek Group plc NatWest Group plc

This announcement contains inside information.

For further information:

Tavistock

Jeremy Carey/James Verstringhe, 020 7920 3150, james.verstringhe@tavistock.co.uk

Nicholas Thompson

Northern Trust c/o, 01481 745001, team_picton@ntrs.com

Note to Editors

Picton, established in 2005, is a UK REIT. It owns and actively manages a £659 million diversified UK commercial property portfolio, invested across 47 assets and with around 350 occupiers (as at 30 June 2020). 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