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


DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF THE COMPANY


Shareholders are advised of the following information relating to the acceptance on 9 June 2016 of nil cost options granted
under the Stenprop Limited Amended Deferred Share Bonus Plan (?Deferred Bonus Plan?), one third of which vested
immediately:

Name of director:                                        Neil Marais
Transaction date:                                        9 June 2016
Class of securities:                                     Nil cost options
Number of securities:                                    15,847
Nature of transaction:                                   Off-market acceptance of nil cost options in terms of the Deferred
                                                         Bonus Plan
Nature and extent of director?s interest:                Direct beneficial
Clearance to deal received:                              Yes

Name of director:                                        Patsy Watson
Transaction date:                                        9 June 2016
Class of securities:                                     Nil cost options
Number of securities:                                    92,199
Nature of transaction:                                   Off-market acceptance of nil cost options in terms of the Deferred
                                                         Bonus Plan
Nature and extent of director?s interest:                Direct beneficial
Clearance to deal received:                              Yes

Name of director:                                        Paul Arenson
Transaction date:                                        9 June 2016
Class of securities:                                     Nil cost options
Number of securities:                                    115,248
Nature of transaction:                                   Off-market acceptance of nil cost options in terms of the Deferred
                                                         Bonus Plan
Nature and extent of director?s interest:                Direct beneficial
Clearance to deal received:                              Yes

Shareholders are further advised of the exercise of nil cost options granted on 10 June 2015 and which vested on 31 March 2016
which will result in the issuance of 4,781 shares and of the exercise of nil cost options granted on 9 June 2016 and which vested
on 9 June 2016 which will result in the issuance of 5,282 shares, in each case at a deemed value of EUR1.41 per share:

Name of director:                                        Neil Marais
Transaction date:                                        9 June 2016
Class of securities:                                     Ordinary shares
Number of securities:                                    10,063
Deemed total value:                                      EUR14,188.83
Nature of transaction:                                   Off-market exercise of nil cost options in terms of the Deferred Bonus
                                                         Plan
Nature and extent of director?s interest:                Direct beneficial
Clearance to deal received:                              Yes

Shareholders are further advised of the following information relating to the granting on 9 June 2016 of loans for the purchase
of shares under the Stenprop Limited Amended Share Purchase Plan (?Share Purchase Plan?), as follows:

Name of director:                                        Neil Marais                                                                                                                 2
Transaction date:                                        9 June 2016
Class of securities:                                     Ordinary shares
Number of securities:                                    89,317
Price per security:                                      EUR1.41
Total value:                                             EUR125,938
Nature of transaction:                                   Off-market acceptance of shares offered in terms of the Share
                                                         Purchase Plan
Nature and extent of director?s interest:                Direct beneficial
Clearance to deal received:                              Yes

Name of associate:                                       Jabali Enterprises Limited
Name of director and relationship to director:           Paul Arenson, who has a 100% beneficial interest in Jabali
                                                         Enterprises Limited
Transaction date:                                        9 June 2016
Class of securities:                                     Ordinary shares
Number of securities:                                    1,843,972
Price per security:                                      EUR1.41
Total value:                                             EUR2,600,000
Nature of transaction:                                   Off-market acceptance of shares offered in terms of the Share
                                                         Purchase Plan
Nature and extent of director?s interest:                Indirect beneficial
Clearance to deal received:                              Yes

Name of associate:                                       Millicent Limited
Name of director and relationship to director:           Patsy Watson, who is a beneficiary of the Swallow Trust which owns
                                                         100% of Millicent Limited
Transaction date:                                        9 June 2016
Class of securities:                                     Ordinary shares
Number of securities:                                    1,475,177
Price per security:                                      EUR1.41
Total value:                                             EUR2,080,000
Nature of transaction:                                   Off-market acceptance of shares offered in terms of the Share
                                                         Purchase Plan
Nature and extent of director?s interest:                Indirect beneficial
Clearance to deal received:                              Yes

10 June 2016

JSE sponsor

Java Capital

Bermuda Stock Exchange sponsor:

Ester Securities (Bermuda) Limited