

| PICTON PROPERTY INCOME LTD | 26/05/2011 AGM | |
|---|---|---|
| 1 | Receive the Annual Report | Oppose |
| 2 | Appoint the auditors | For |
| 3 | Allow the board to determine the auditors remuneration | For |
| 4 | To re-elect Tjeerd Borstlap | Oppose |
| 5 | To re-elect Robert Sinclair | For |
| 6 | Authorise Share Repurchase | Abstain |
| 7 | Extraordinary Resolution: Issue shares with pre-emption rights | Oppose |
| 8 | Approve the Name Change | For |