Completion of disposal of Neucoelln Carrée retail park in Berlin STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 (Stenprop” or the “Company”) 1 October 2020 COMPLETION OF DISPOSAL OF NEUCOELLN CARRÉE RETAIL PARK IN BERLIN Further to the announcement made by the Company on 16 July 2020, Stenprop announces that the sale of its long leasehold interest in the Neucoelln Carrée retail park in Berlin, Germany, has now completed. James Wakelin, Head of debt and special projects at Stenprop, commented: “This is another important step in the transition towards becoming a 100% UK multi-let industrial (“MLI”) business. We have recently seen a strong uptick in our MLI acquisition pipeline. This timely sale, releasing approximately €15.5m of sale proceeds, will be used to fund this pipeline. Our remaining identified German sales are progressing well and we expect to announce further news in due course. UK MLI estates now comprise approximately 63% of Stenprop’s total property portfolio.” For further information: Stenprop Limited 44(0)20 3918 6600 Paul Arenson (firstname.lastname@example.org) Julian Carey (email@example.com) James Beaumont (firstname.lastname@example.org) Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine FTI Consulting (PR Adviser) 44(0)20 3727 1000 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: 01-10-2020 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.