STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 (?Stenprop? or the ?Company?) 18 July 2018 DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to the dealing in securities by a director of Stenprop: Name of director: Philip John Holland, non-executive director Transaction date: 17 July 2018 Class of securities: Ordinary shares Number of securities: 24 999 Price per security: #1.20 Total value of transaction: #29 998.80 Nature of transaction: On-market purchase of ordinary shares on the London Stock Exchange through the director?s self- invested personal pension Nature and extent of director?s interest: Indirect beneficial Clearance to deal received in accordance with the Listings Yes Requirements of the JSE Limited: For further information: Stenprop Limited 44(0)20 7079 6600 Paul Arenson Patsy Watson Julian Carey Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine Tavistock (PR Adviser) 44(0)20 7920 3150 James Whitmore James Verstringhe Kirsty Allan Instinctif Partners (SA Investor Relations and PR Adviser) 27 (0)11 447 3030 Keagile Makgoba Java Capital Trustees and Sponsors Proprietary Limited 27 (0)11 722 3050 (JSE sponsor) About Stenprop: Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop?s investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.