STENPROP LIMITED (Incorporated in Bermuda) (Registration number 47031) BSX share code: STP.BH JSE share code: STP ISIN: BMG8465Y1093 (?Stenprop? or the ?company?) CHANGES TO THE BOARD OF DIRECTORS Shareholders are advised that, effective 23 November 2016, the two Bermuda-resident independent non-executive directors, James Keyes and Peter Hughes, have resigned from the board of directors of Stenprop (the ?board?). The board thanks James and Peter for their contributions to the company and wishes them well in their future endeavours. Stenprop has a primary listing on the Main Board of the JSE and a secondary listing on the Bermuda Stock Exchange. 24 November 2016 JSE sponsor Java Capital Bermuda Stock Exchange sponsor Estera Securities (Bermuda) Limited