Dealing in securities by an associate of 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 IN SECURITIES BY AN ASSOCIATE OF A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY 9 September 2020 Stenprop shareholders are referred to previous announcements in respect of the offer to receive the final dividend of 3.375 pence per share for the six months ended 31 March 2020 either as a cash dividend or a scrip dividend in return for Stenprop shares (the “Scrip Dividend”). In addition to the announcement published on 6 August 2020, shareholders are advised of the following information relating to a dealing in securities by an associate of a person discharging managerial responsibility in terms of the Scrip Dividend. Name: Sphere Investments Limited Name of director and relationship to director: Stephen Ball, director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited. Issue date: 14 August 2020 Class of securities: Ordinary shares Number of securities: 7,662 Deemed total value of the transaction: GBP 9,013.13 (at a value of GBP 1.176342 per share) Nature of transaction: Election to receive shares pursuant to the Scrip Dividend as an off- market transaction Nature and extent of director’s interest: Indirect beneficial Clearance to deal: Yes For further information: Stenprop Limited 44(0)20 3918 6600 Paul Arenson (email@example.com) Julian Carey (firstname.lastname@example.org) James Beaumont (email@example.com) Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine FTI Consulting (PR Adviser) 44(0)20 3727 1000 Dido Laurimore Richard Sunderland Richard Gotla Neel Bose Stenprop@fticonsulting.com Java Capital Trustees and Sponsors Proprietary Limited 27 (0)11 722 3050 (JSE Sponsor) About Stenprop: Stenprop is a UK REIT listed on the LSE and the JSE. 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: 09-09-2020 04:30:00 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.