Dealings by a director of the Company and by a person discharging managerial responsibility

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


DEALINGS BY A DIRECTOR OF THE COMPANY AND BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY


23 March 2021

Shareholders are advised of the following information relating to the exercise of vested nil cost options and market value
options and the subsequent disposals of ordinary shares of the Company received as a result of these transactions.

Clearance to deal was granted in respect of all dealings.

Name of director:                                           Patsy Watson
Transaction date:                                           19 March 2021
Class of securities:                                        Nil cost options
Number of securities:                                       850,102
Deemed price per security:                                  GBP 1.44
Deemed total value of the transaction:                      GBP 1,224,146.88
Nature of transaction:                                      Off-market exercise of nil cost options
Nature and extent of director’s interest:                   Direct beneficial

Name of director:                                           Patsy Watson
Transaction date:                                           19 March 2021
Class of securities:                                        Ordinary shares
Number of securities sold:                                  425,000
Price per security:                                         GBP 1.44
Total value of the transaction:                             GBP 612,000.00
Nature of transaction:                                      On-market sale
Nature and extent of director’s interest:                   Direct beneficial

Name:                                                       Neil Marais
Position:                                                   Director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited,
                                                            being subsidiaries of Stenprop
Transaction date:                                           19 March 2021
Class of securities:                                        Market value options
Number of securities:                                       105,239
Price per security:                                         GBP 1.1171
Total value of the transaction:                             GBP 117,562.49
Nature of transaction:                                      Off-market exercise of market value options
Nature and extent of director’s interest:                   Direct beneficial

Name:                                                       Neil Marais
Position:                                                   Director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited,
                                                            being subsidiaries of Stenprop
Transaction date:                                           19 March 2021
Class of securities:                                        Ordinary shares
Number of securities sold:                                  105,239
Price per security:                                         GBP 1.44
Total value of the transaction:                             GBP 151,544.16
Nature of transaction:                                      On-market sale
Nature and extent of director’s interest:                   Direct beneficial

The Company utilised treasury shares to settle the exercise of the nil cost options and market value options to the above
participants. Following these transactions, the total number of treasury shares held by the Company is 12,866,950 and the
total number of shares in issue less shares held in treasury is 285,908,225.


For further information:
Stenprop Limited                                                                  44(0)20 3918 6600
Paul Arenson (paul.arenson@stenprop.com)
Julian Carey (julian.carey@stenprop.com)
James Beaumont (james.beaumont@stenprop.com)

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

FTI Consulting (PR Adviser)                                                       44(0)20 3727 1000
Dido Laurimore
Richard Sunderland
Richard Gotla
Neel Bose
Stenprop@fticonsulting.com

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

About Stenprop:
Stenprop is a UK REIT listed on the LSE and the JSE. 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.

Date: 23-03-2021 07:05:00
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