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


Shareholders are advised that the company has entered into a share repurchase programme in terms of which the company may
repurchase up to 57,336,376, of its ordinary shares, being 20% of the company?s issued share capital, pursuant to and in
accordance with the authority granted by shareholders at the company?s annual general meeting held on 9 September 2015.

The repurchase programme commenced on Monday, 27 June 2016 and will extend to 14 September 2016, which period will
include a prohibited period in respect of the publication of the company's quarterly results for the first quarter of the company?s
financial year ending 31 March 2017, which are expected to be released on or about 15 September 2016.

In terms of the share repurchase programme, shares will be repurchased at a price not greater than 10% above the volume
weighted average trading price of Stenprop shares over the 5 business days immediately preceding any particular repurchase.

The share repurchase programme may be discontinued at any time and the company has no obligation to repurchase any amount of
shares under the programme.

Stenprop has a dual primary listing on the Bermuda Stock Exchange and the Main Board of the JSE

30 June 2016

JSE sponsor
Java Capital

Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited