Dealings in securities by a director and by a director of major subsidiaries of the company STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 ("Stenprop" or the "Company") DEALINGS IN SECURITIES BY A DIRECTOR AND BY A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY 8 July 2019 Shareholders are advised of the following information relating to the exercise of vested nil cost options awarded under the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"): Name of director: James Beaumont Transaction date: 2 July 2019 Class of securities: Nil cost options Number of securities exercised: 15,228 Deemed total value of the transaction: GBP 16,903.08 (at a deemed value of GBP 1.11 per nil cost option) Nature of transaction: Off-market exercise of nil cost options in terms of the Deferred Bonus Plan Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of director of major subsidiaries: Neil Marais Name of major subsidiaries: Stenprop (UK) Limited and Stenprop (Germany) Limited Transaction date: 2 July 2019 Class of securities: Nil cost options Number of securities exercised: 11,903 Deemed total value of the transaction: GBP 13,212.33 (at a deemed value of GBP 1.11 per nil cost option) Nature of transaction: Off-market exercise of nil cost options in terms of the Deferred Bonus Plan Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes The Company intends to utilise treasury shares to settle the exercise of the nil cost options to the above participants of the Deferred Bonus Plan, following which the total number of treasury shares held by the Company will be 15,948,695 ordinary shares and the total number of shares in issue less shares held in treasury will be 282,826,480 ordinary shares. For further information: Stenprop Limited Paul Arenson 44(0)20 3918 6600 James Beaumont Julian Carey Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine JSE Sponsor 27(0)11 722 3050 Java Capital Trustees and Sponsors Proprietary Limited 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: 08/07/2019 03:00:00 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.