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

RESULTS OF SPECIAL GENERAL MEETING


Shareholders are advised that all the resolutions tabled at the special general meeting of shareholders held on 
Wednesday, 7 March 2018 (in terms of the notice of special general meeting dispatched to shareholders on 7 February 2018) 
were passed by the requisite majority of Stenprop shareholders.

Details of the results of voting at the special general meeting are as follows:

     -    total number of Stenprop shares that could have been voted at the special general meeting: 282,692,287; and
     -    total number of Stenprop shares that were present/represented by proxy at the special general meeting: 95,048,929 
          (being 33.62% of the total number of shares that could have been voted at the meeting).

Special resolutions

Resolution number 1: Migration of the company to Guernsey

Shares*                                  For                                Against                       Votes Withheld^
94,955,332                               94,911,533 being 99.95%            43,799 being 0.05%            93,597 being 0.03%

Resolution number 2: Adoption of the new memorandum and articles of incorporation

Shares*                                  For                                Against                       Votes Withheld^
94,955,332                               94,911,533 being 99.95%            43,799, being 0.05%           93,597 being 0.03%

Extraordinary resolution

Resolution number 3: Disapplication of pre-emption rights

Shares*                                  For                                Against                       Votes Withheld^
94,808,012                               88,147,486 being 92.97%            6,660,526 being 7.03%         240,917 being 0.09%
*excluding abstentions
^ in relation to total shares in issue

Shareholders are referred to the announcement released by the company on SENS and the BSX website on 7 February 2018 and 
are advised that the salient dates and times relating to the migration of the company?s jurisdiction of incorporation 
from Bermuda to Guernsey remain unchanged.

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

8 March 2018

JSE sponsor

Java Capital

Bermuda Stock Exchange sponsor

Estera Securities (Bermuda) Limited