(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 board of directors has declared a final cash dividend of 4.0 pence per ordinary share for the
six months ended 30 September 2017 (the ?dividend?).

Shareholders on the South African register will receive the dividend in South African Rand, based on the exchange rate to be
obtained by the company on or before Tuesday, 9 January 2018. A further announcement in this regard will be made on
Tuesday, 9 January 2018.

Shareholders on the Bermudian register will receive the dividend in Sterling.

The salient dates for this dividend payment are as follows:

Announcement of exchange rates                                                                      Tuesday, 9 January 2018
Last date to trade ?cum? dividend                                                                  Tuesday, 16 January 2018
Securities trade ?ex? dividend                                                                   Wednesday, 17 January 2018
Record date                                                                                         Friday, 19 January 2018
Payment date                                                                                        Friday, 26 January 2018

Share certificates may not be dematerialised or rematerialised between Wednesday, 17 January 2018 and Friday, 19 January 2018, 
both days inclusive. Transfers of shares between sub-registers in South Africa and Bermuda may not take place between Tuesday, 
9 January 2018 and Friday, 19 January 2018. The dividend will be transferred to dematerialised shareholders? CSDP/broker accounts 
on Friday, 26 January 2018. Certificated shareholders? dividend payments will be posted on or paid to certificated shareholders? 
bank accounts on or about Friday, 26 January 2018.

South African shareholders are advised that this dividend will be regarded as a foreign dividend and may be subject to South
African dividends withholding tax. With effect from 22 February 2017, the local dividends withholding tax rate increased from
15% to 20%, unless an exemption as set out in the South African tax legislation applies. There is no withholding tax payable in

The receipt of the dividend may have tax implications for shareholders who are resident in countries other than South Africa.

Stenprop shareholders are advised to consult their professional advisors regarding the tax consequences of the dividend
should they be in any doubt as to the appropriate action to take.

At the date of this announcement, the issued share capital of the company is 291,718,476 ordinary shares with a par value of
EUR0.000001258 each.

Stenprop has a primary listing on the Main Board of the JSE and a secondary listing on the BSX.

23 November 2017

Java Capital

Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited