STENPROP LIMITED (Incorporated in Bermuda) (Registration number 47031) BSX share code: STP.BH JSE share code: STP ISIN: BMG8465Y1093 (?Stenprop? or ?the company?) PASSING OF CHAIRMAN The Board of Directors of Stenprop today announces with deep regret that its Founder and Chairman, Gerald Leissner, passed away on Friday, 16 December 2016. Paul Arenson, Stenprop CEO said: ?We are greatly saddened by Gerald?s passing. We were privileged to have Gerald as a Chairman and colleague, not only for his vast experience and knowledge of property where he was a legend in his life time, but also for his personal contribution to Stenprop. Gerald was a special man who always put the needs of others ahead of his own. Gerald made a significant contribution to Stenprop and its staff during his tenure. He will be greatly missed by all of us at Stenprop. ?On behalf of Stenprop, we extend our heartfelt condolences to Gerald?s wife, family and friends and wish them all long life.? Stenprop has a primary listing on the Main Board of the JSE and a secondary listing on the Bermuda Stock Exchange. 19 December 2016 JSE sponsor Java Capital Bermuda Stock Exchange sponsor Estera Securities (Bermuda) Limited