Company Announcements

Picton Property Income Ltd - Holding(s) in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B0LCW208

Issuer Name

PICTON PROPERTY INCOME LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Ameriprise Financial, Inc.

City of registered office (if applicable)

Minneapolis

Country of registered office (if applicable)

United States

4. Details of the shareholder

      Name              City of registered office Country of registered office

Harewood Nominees



5. Date on which the threshold was crossed or reached

07-Jun-2022

6. Date on which Issuer notified

09-Jun-2022

7. Total positions of person(s) subject to the notification obligation


       .        % of voting     % of voting     Total of both in Total number of
                rights attached rights through  % (8.A + 8.B)    voting rights
                to shares       financial                        held in issuer
                (total of 8.A)  instruments
                                (total of 8.B 1
                                + 8.B 2)

Resulting       10.057000       0.036000        10.093000        55068597
situation on
the date on
which threshold
was crossed or
reached

Position of     8.433000        0.000000        8.433000
previous
notification
(if applicable)



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares


Class/Type of    Number of direct Number of         % of direct   % of indirect
shares ISIN code voting rights    indirect voting   voting rights voting rights
(if possible)    (DTR5.1)         rights (DTR5.2.1) (DTR5.1)      (DTR5.2.1)

GB00B0LCW208     0                54872183          0.000000      10.057000

Sub Total 8.A    54872183                           10.057000%



8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))


Type of        Expiration Exercise/conversion Number of voting    % of voting
financial      date       period              rights that may be  rights
instrument                                    acquired if the
                                              instrument is
                                              exercised/converted

Stock on Loan                                 33637               0.006000

Sub Total 8.B1                                33637               0.006000%



8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))


Type of    Expiration Exercise/conversion Physical or Number of     % of voting
financial  date       period              cash        voting rights rights
instrument                                settlement

CFD                                       Cash        162777        0.030000

Sub Total                                             162777        0.030000%
8.B2



9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)


Ultimate        Name of         % of voting     % of voting     Total of both if
controlling     controlled      rights if it    rights through  it equals or is
person          undertaking     equals or is    financial       higher than the
                                higher than the instruments if  notifiable
                                notifiable      it equals or is threshold
                                threshold       higher than the
                                                notifiable
                                                threshold

Ameriprise                      0.000000        0.000000        0.000000%
Financial, Inc.
(Chain1)

Ameriprise      Columbia        0.000000        0.000000        0.000000%
Financial, Inc. Threadneedle
                Investments UK
                International
                Limited

Ameriprise      BMO Global      0.000000        0.000000        0.000000%
Financial, Inc. Asset
                Management
                (Europe)
                Limited

Ameriprise      BMO Asset       0.000000        0.000000        0.000000%
Financial, Inc. Management
                (Holdings) Plc

Ameriprise      BMO AM Capital  0.000000        0.000000        0.000000%
Financial, Inc. (Group) Limited

Ameriprise      BMO AM Capital  0.000000        0.000000        0.000000%
Financial, Inc. (Holdings)
                Limited

Ameriprise      BMO AM Capital  0.000000        0.000000        0.000000%
Financial, Inc. (UK) Limited

Ameriprise      Thames River    10.047000       0.000000        10.047000%
Financial, Inc.Capital LLP

Ameriprise                      0.000000        0.000000        0.000000%
Financial, Inc.
(Chain 2)

Ameriprise      Columbia        0.000000        0.000000        0.000000%
Financial, Inc. Threadneedle
                Investments UK
                International
                Limited

Ameriprise      BMO Global      0.000000        0.000000        0.000000%
Financial, Inc. Asset
                Management
                (Europe)
                Limited

Ameriprise      BMO Asset       0.000000        0.000000        0.000000%
Financial, Inc. Management
                (Holdings) Plc

Ameriprise      BMO AM Group    0.000000        0.000000        0.000000%
Financial, Inc. (Holdings)
                Limited

Ameriprise      BMO AM Group    0.000000        0.000000        0.000000%
Financial, Inc. (Management)
                Limited

Ameriprise      BMO AM Holdings 0.000000        0.000000        0.000000%
Financial, Inc. Limited

Ameriprise      BMO Asset       0.000000        0.000000        0.000000%
Financial, Inc. Management
                Limited



10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

BMO Asset Management Limited is wholly owned by BMO AM Holdings Limited, which is wholly owned by BMO AM Group (Management) Limited, which is wholly owned by BMO AM Group (Holdings) Limited, which is wholly owned by BMO Asset Management (Holdings) Plc, which is wholly owned by BMO Global Asset Management (Europe) Limited, which is wholly owned by Columbia Threadneedle Investments UK International Limited, which is wholly owned by Ameriprise Financial, Inc.

Thames River Capital LLP is wholly owned by BMO AM Capital (UK) Limited, which is wholly owned by BMO AM Capital (Holdings) Limited, which is wholly owned by BMO AM Capital (Group) Limited, which is wholly owned by BMO Asset Management (Holdings) Plc, which is wholly owned by BMO Global Asset Management (Europe) Limited, which is wholly owned by Columbia Threadneedle Investments UK International Limited, which is wholly owned by Ameriprise Financial, Inc.

12. Date of Completion

09-Jun-2022

13. Place Of Completion

Swindon, UK