(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, effective 14 September 2016, lead independent non-executive director, Michael Fienberg has
resigned from the board of directors of Stenprop (the ?board?) following a change of residency, and Paul Miller has been
appointed as independent non-executive director.

Paul is an English qualified solicitor with over 24 years? international experience, with particular expertise in cross border
mergers and acquisitions, joint ventures, international offerings, listed and unlisted funds and related governance and securities
laws issues. A large part of his practice has always been focused on the real estate sector. Paul graduated from the University
of Cape Town with Bachelor degrees in commerce and law and has been a partner at the international law firm Berwin Leighton
Paisner LLP since 1999. Paul is also a director of Everglen Capital Partners LLP.

Shareholders are further advised that, effective 14 September 2016, Stephen Ball, currently an independent non-executive
director of Stenprop, has been appointed as lead independent non-executive director.

The board thanks Michael for his significant contribution to the company and wishes him well in his future endeavours.

15 September 2016

JSE sponsor
Java Capital

Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited