Transaction in own shares

STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP  JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")


TRANSACTION IN OWN SHARES


1 February 2019

Further to the announcement published on 20 December 2018 informing shareholders that the Company intended
to repurchase shares to mitigate the dilutive effect of the scrip dividend election, shareholders are advised 
that on Thursday, 31 January 2019, the Company purchased 80,000 ordinary shares at 112 pence per share. These 
shares will be held as treasury shares.

Following the above transaction, the total number of treasury shares held by the Company is 14,217,469 ordinary
shares and the total number of shares in issue less shares held in treasury is 280,192,125 ordinary shares. From
31 January 2019, the total number of voting rights in the Company is 280,192,125.


For further information:

Stenprop Limited                                                44(0)20 3918 6600
Paul Arenson
Patsy Watson
Julian Carey

Numis Securities Limited (Financial Adviser)                    44(0)20 7260 1000
Hugh Jonathan
Vicki Paine

Tavistock (PR Adviser)                                          44(0)20 7920 3150
James Whitmore
James Verstringhe
Kirsty Allan

Java Capital                                                    27 (0)11 722 3050
(JSE sponsor)


About Stenprop:

Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to
its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI)
properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to
www.stenprop.com.

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