STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP    JSE share code: STP

ISIN:  GG00BFWMR296

("Stenprop" or the "Company")

CHANGE IN NUMBER OF VOTING RIGHTS

11 September 2020

Shareholders are advised that on 11 September 2020, 23,944 treasury shares were issued by the Company at a deemed issue price of £1.17 per share to settle the exercise of nil cost options awarded in terms of the Stenprop Amended Deferred Share Bonus Plan.

Following the above transaction, the total number of treasury shares held by the Company is 13,992,479 ordinary shares and the total number of shares in issue less shares held in treasury is 284,782,696 ordinary shares. From 11 September 2020, the total number of voting rights in the Company is 284,782,696.

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

Justin Bell           

FTI Consulting                                                                                                   44(0)20 3727 1000

Richard Sunderland                                                                                         stenprop@fticonsulting.com

Richard Gotla

Indraneel Bose

Java Capital Trustees and Sponsors Proprietary Limited                        27 (0)11 722 3050

(JSE Sponsor)

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 stenprop.com.