Transaction in own shares

STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")

TRANSACTION IN OWN SHARES

20 July 2018

Further to the announcement published on 10 July 2018 informing shareholders that the Company intended to
repurchase shares to mitigate the dilutive effect of the scrip dividend election, shareholders are advised that the
Company purchased yesterday 800,000 ordinary shares at £1.18 per share. These shares will be held as treasury
shares.

Following the above transaction, the total number of treasury shares held by the Company is 9,826,189 ordinary shares
and the total number of shares in issue less shares held in treasury is 281,943,106 ordinary shares. From 19 July 2018,
the total number of voting rights in the Company is 281,943,106.

For further information:

Stenprop Limited                                                 44(0)20 7079 6600
Paul Arenson
Patsy Watson
Julian Carey

Numis Securities Limited (Financial Adviser)                     44(0)20 7260 1000
Hugh Jonathan
Vicki Paine

Tavistock (PR Adviser)                                           44(0)20 7920 3150
James Whitmore
James Verstringhe
Kirsty Allan

Instinctif Partners (SA Investor Relations and PR Adviser)       27 (0)11 447 3030
Keagile Makgoba

Java Capital Trustees and Sponsors Proprietary Limited           27 (0)11 722 3050
(JSE sponsor)


About Stenprop:

Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to
its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI)
properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to
www.stenprop.com.

Date: 20/07/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.