Dealing by a person discharging managerial responsibility STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 (“Stenprop” or the “Company”) DEALING BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY 25 February 2020 Shareholders are advised of the following information relating to the sale of the Company’s securities by a person discharging managerial responsibility: Name: Neil Marais Position: Director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop Transaction date: 21 February 2020 Class of securities: Ordinary shares Number of securities: 23,468 Price per security GBP 1.28 Deemed total value of the transaction: GBP 30,039.04 Nature of transaction: On-market sale on the London Stock Exchange Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes For further information: Stenprop Limited Paul Arenson 44(0)20 3918 6600 Julian Carey James Beaumont 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: 25-02-2020 10:00:00 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.