(Formerly GoGlobal Properties Limited)
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093
(?Stenprop? or ?the Company?)


On Thursday, 11 June 2015, the Company announced a final distribution of 4.2 Euro cents per share (the ?dividend?) in respect
of the year ended 31 March 2015 and offered shareholders the option to receive in respect of all or a part of their Stenprop
shareholding either a scrip dividend by way of an issue of new Stenprop shares (of the same class as existing shares) credited as
fully paid up (?scrip dividend?), or a cash dividend (?cash dividend?).

The Company is pleased to announce that scrip dividend election forms for 81,790,968 ordinary shares of EUR 0.000001258
each in the Company have been received, representing a 29.48% take up of the scrip dividend by shareholders, for which
2,257,894 new Stenprop shares are to be issued, being approximately 0.81% of the current issued share capital of the Company.

The new Stenprop shares issued in respect of the scrip dividend will upon their issue be fully paid up and will rank pari passu in
all respects with existing Stenprop shares in issue and are fully fungible with effect from the date of listing.

Following the issue of the new Stenprop shares, the total issued share capital of the Company will increase to 279,720,942
ordinary shares of EUR 0.000001258 each. Therefore, the total number of voting rights in Stenprop will be 279,720,942 with
effect from Thursday, 16 July 2015, which may be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change to their interest in, Stenprop.

Payments of the cash dividend were made in accordance with the payment instructions held.

In respect of all shareholders on the Bermudian share register, BSD accounts will be credited/updated on Thursday, 16 July 2015
with the new Stenprop shares. In respect of certificated shareholders on the SA share register, share certificates will be
dispatched to all certificated shareholders by registered post at the risk of such shareholders, on Thursday, 16 July 2015 or in
accordance with the instructions given to the SA transfer secretaries. In respect of dematerialised shareholders on the SA share
register, CSDP/broker accounts will be credited and updated on Thursday, 16 July 2015 with the new Stenprop shares.

Stenprop has a primary listing on the Bermuda Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.

13 July 2015

South African corporate advisor and JSE sponsor
Java Capital

Bermuda Stock Exchange sponsor:
Appleby Securities (Bermuda) Ltd