Dealings by an associate of a director 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 BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY 30 December 2019 Shareholders are advised of the following information relating to the sale of Company’s securities by an associate of a director: Name of associate Millicent Limited Name of director: Patsy Watson, who is the discretionary beneficiary of the Swallow Trust, which has a beneficial interest in Millicent Limited Transaction date: 20 December 2019 Class of securities: Ordinary shares Number of securities sold: 50,000 Price per security: GBP 1.27 Deemed total value of the transaction: GBP 63,500 Nature of transaction: On-market sale on the London Stock Exchange, through SP Nominees Limited, a nominee company which holds shares on behalf of Millicent Limited Nature and extent of director’s interest: Indirect beneficial For further information: Stenprop Limited James Beaumont 44(0)20 3918 6600 Paul Arenson 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: 30-12-2019 09:00:00 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.