STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093
(?Stenprop? or ?the company?)


DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY


Shareholders are advised of the following information relating to the dealing in securities by a director of Stenprop pursuant to
the declaration of a cash dividend for the six months ended 30 September 2015 with an election to receive a scrip dividend in
lieu of cash in accordance with the circular issued to shareholders on 11 December 2015:

Name of director:                                                           Neil Marais
Transaction date:                                                           22 January 2016
Class of securities:                                                        Ordinary shares
Number of securities:                                                       1,895
Price per security:                                                         EUR1.49854
Total value of transaction:                                                 EUR2,839.73
Nature of transaction:                                                      Off-market receipt of shares on the company?s
                                                                            Bermudian register pursuant to an election to
                                                                            receive a scrip dividend
Nature and extent of director?s interest:                                   Direct beneficial
Clearance to deal received:                                                 Yes

Stenprop has a dual primary listing on the Bermuda Stock Exchange and the Main Board of the JSE.

28 January 2016


JSE sponsor
Java Capital


Bermuda Stock Exchange sponsor
Appleby Securities (Bermuda) Ltd