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