Dealings in securities STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 ("Stenprop" or the "Company") DEALINGS IN SECURITIES BY A DIRECTOR, ASSOCIATES OF DIRECTORS, A DIRECTOR OF MAJOR SUBSIDIARIES AND AN ASSOCIATE OF A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY 31 July 2018 Shareholders are advised of the following information relating to dealings in securities by a director and associates of directors of the Company; and by a director of major subsidiaries and an associate of a director of major subsidiaries of Stenprop, pursuant to the declaration of a cash dividend for the six months ended 31 March 2018 with an election to receive a scrip dividend in lieu of cash ("scrip dividend") in accordance with the circular issued to shareholders on 10 July 2018. Clearance to deal was granted in respect of all shares allocated in terms of the scrip dividend: Name of director: Paul Arenson Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 14,122 Price per security: GPB 1.1330 Total value: GPB 16,000.23 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Paul Arenson Nature and extent of director’s interest: Direct beneficial Name of associate: Jabali Enterprises Limited Name of director and relationship to Paul Arenson, who is a discretionary beneficiary of the Lonat Trust which director: has a beneficial interest in Jabali Enterprises Limited Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 190,381 Price per security: GPB 1.1330 Total value: GPB 215,701.67 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Jabali Enterprises Limited Nature and extent of director’s interest: Indirect beneficial Name of associate: Zowert Properties Limited Name of director and relationship to Paul Arenson, who is a discretionary beneficiary of the Saruga Trust, director: which has a beneficial interest in Zowert Properties Limited Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 58,944 Price per security: GPB 1.1330 Total value: GPB 66,783.55 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Zowert Properties Limited Nature and extent of director’s interest: Indirect beneficial Name of associate: Lonat Trust Name of director and relationship to Paul Arenson, who is a discretionary beneficiary of the Lonat Trust director: Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 70,868 Price per security: GPB 1.1330 Total value: GPB 80,2943.44 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of the Lonat Trust Nature and extent of director’s interest: Indirect beneficial Name of associate: Saruga Trust Name of director and relationship to Paul Arenson, who is a discretionary beneficiary of the Saruga Trust director: Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 107,807 Price per security: GPB 1.1330 Total value: GPB 122,145.33 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Saruga Trust Nature and extent of director’s interest: Indirect beneficial Name of associate: Millicent Limited Name of director and relationship to Patsy Watson, who is a discretionary beneficiary of the Swallow Trust director: which has a beneficial interest in Millicent Limited Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 154,070 Price per security: GPB 1.1330 Total value: GPB 174,561.31 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Millicent Limited Nature and extent of director’s interest: Indirect beneficial Name of associate: Ferryman Capital Partners Limited Name of director and relationship to Warren Lawlor, who is a beneficiary of the Warren Lawlor Family Trust, director: which has a beneficial interest in Ferryman Capital Partners Limited Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 28,369 Price per security: GPB 1.1330 Total value: £32,142.08 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Ferryman Capital Partners Limited Nature and extent of director’s interest: Indirect beneficial Name of associate: Pringlelight Investments Proprietary Limited Warren Lawlor, who is the sole director of Pringlelight Investments Name of director and relationship to Proprietary Limited and a beneficiary of the Warren Lawlor Family Trust director: which has a beneficial interest in Pringlelight Investments Proprietary Limited Transaction date: 27 July 2018 Class of securities: Ordinary shares Number of securities: 746 Price per security: GPB 1.1330 Total value: £845.22 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend dividend Nature and extent of director’s interest: Indirect beneficial Name of associate: Sphere Investments Limited Stephen Ball, who is a director of Stenprop (UK) Limited, Stenprop Name of director and relationship to (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar director: Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 8,826 Price per security: GPB 1.1330 Total value: GPB 9,999.86 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend through SP Nominees, a nominee company which holds shares on behalf of Sphere Investments Limited Nature and extent of director’s interest: Indirect beneficial Name of associate: Sphere Investments Limited Stephen Ball, who is a director of Stenprop (UK) Limited, Stenprop Name of director and relationship to (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar director: Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 1,059 Price per security: GPB 1.1330 Total value: GPB 1,199.85 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend Nature and extent of director’s interest: Indirect beneficial Name of director: Neil Marais, who is a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop. Transaction date: 30 July 2018 Class of securities: Ordinary shares Number of securities: 532 Price per security: GPB 1.1330 Total value: GPB 602.76 Nature of transaction: Off-market receipt of shares pursuant to an election to receive the scrip dividend Nature and extent of director’s interest: Direct beneficial Shareholders are further advised of the following on-market purchase of shares by an associate of a director of Stenprop (UK) Limited, Stenprop (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar Limited, being subsidiaries of Stenprop: Name of associate: Sphere Investments Limited Stephen Ball, who is a director of Stenprop (UK) Limited, Stenprop Name of director and relationship to (Germany) Limited, Stenprop (Swiss) Limited and Stenprop Trafalgar director: Limited, being subsidiaries of Stenprop. Stephen Ball has a beneficial interest in Sphere Investments Limited Transaction date: 13 July 2018 Class of securities: Ordinary shares Number of securities: 30,000 Price per security: GPB 1.1800 Total value: GPB 35,400.00 Nature of transaction: On-market purchase of shares Nature and extent of director’s interest: Indirect beneficial Clearance to deal: N/A as the purchase of shares was undertaken by a portfolio manager Enquiries: Stenprop Limited Paul Arenson 44(0)20 7079 6600 Patsy Watson Julian Carey Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine Tavistock (PR adviser) James Whitmore 44(0)20 7920 3150 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 (JSE Sponsor) 27 (0) 11 722 3050 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. Stenprop has a listing on the Specialist Fund Segment of the main market of the LSE and a primary listing on the Main Board of the JSE. Date: 31/07/2018 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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