STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093
(?Stenprop? or ?the company? or ?the group?)

                                                                                            
TRANSFER OF THE LISTING OF STENPROP FROM THE ALTERNATIVE EXCHANGE (?ALTX ?) TO THE MAIN BOARD OF THE JSE
                                                                                                        
The company is pleased to announce that the JSE has approved the transfer of its listing from the JSE?s AltX to the JSE?s Main
Board with effect from Monday, 5 October 2015 (?the transfer?). The transfer will not affect the company?s current listing on
the Bermuda Stock Exchange.

Stenprop was incorporated and registered in Bermuda on 26 October 2012. Stenprop is a European property investment group
focused on cultivating a diversified portfolio of quality investment properties delivering sustainable and growing earnings,
distributions and capital growth to shareholders. The group?s portfolio is located primarily in major cities in the United
Kingdom, Germany and Switzerland, with an emphasis on commercial and retail assets.

Following the transfer, the company will be listed in the ?Real Estate ? Real Estate Holdings and Development? sector of the
Main Board of the JSE, sector number 8633.

                                                                                                                      2015
Formal approval granted by the JSE for the transfer                                                Wednesday, 23 September
Effective date of the transfer                                                                           Monday, 5 October
Stenprop shares to start trading on the Main Board                                                      Tuesday, 5 October

25 September2015


South African corporate advisor and JSE sponsor
Java Capital


Bermuda Stock Exchange sponsor:
Appleby Securities (Bermuda) Ltd