Results of annual general meeting STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 ("Stenprop" or the "Company") RESULTS OF ANNUAL GENERAL MEETING 13 September 2018 Shareholders are advised that all the resolutions tabled at the annual general meeting of shareholders held on Wednesday, 12 September 2018 (in terms of the notice of annual general meeting dispatched to shareholders on 27 July 2018) were passed by the requisite majority of Stenprop shareholders. Details of the results of voting at the annual general meeting are as follows: - total number of Stenprop shares that could have been voted at the annual general meeting: 282,747,125; and - total number of Stenprop shares that were voted in person or by proxy at the annual general meeting: 84,608,237 (being 29.92% of the total number of shares that could have been voted at the meeting). Ordinary resolutions Resolution number 1: To receive the directors' and auditor's reports and the audited financial statements of the Company for the year ended 31 March 2018 Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Resolution number 2: To approve the Directors' remuneration policy Shares voted* For Against Abstentions^ 82 968 232 81 748 158, being 98.53% 1 220 074, being 1.47% 1 855 001, being 0.66% Resolution number 3: To approve the Directors' remuneration implementation report Shares voted* For Against Abstentions^ 82 968 232 81 748 158, being 98.53% 1 220 074, being 1.47% 1 855 001, being 0.66% Resolution number 4: To confirm the appointment of Richard John Grant as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Resolution number 5: To confirm the appointment of Philip John Holland as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Resolution number 6: To confirm the appointment of Julian Roger Carey as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Resolution number 7: To re-elect Paul Maurice Arenson as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Resolution number 8: To re-elect Patricia Anne Watson as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08]% Resolution number 9: To re-elect Paul Jerome Miller as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 80 669 276, being 95.34% 3 938 961, being 4.66% 214 996, being 0.08% Resolution number 10: To re-elect Warren Gayer Lawlor as a director of the Company Shares voted* For Against Abstentions^ 84 608 237 81 780 865, being 96.66% 2 827 372, being 3.34% 214 996, being 0.08% Resolution number 11: To reappoint Deloitte LLP as auditors of the Company Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Resolution number 12: To authorise the Directors to fix the remuneration of the auditors Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% Extraordinary resolutions Resolution number 13: To authorise the Company to issue, or sell from treasury, equity securities for cash in accordance with the terms of Resolution 13 Shares voted* For Against Abstentions^ 83 145 688 81 425 179, being 97.93% 1 720 509, being 2.07% 1 677 545, being 0.59% Resolution number 14: To authorise the Company to issue or sell from treasury, equity securities for cash in accordance with the terms of Resolution 14 Shares voted* For Against Abstentions^ 83 145 688 77 445 667, being 93.14% 5 700 021, being 6.86% 1 677 545, being 0.59% Resolution number 15: To authorise the Company to make market acquisitions of the Company's ordinary shares in accordance with the terms of Resolution 15 Shares voted* For Against Abstentions^ 84 608 237 84 608 237, being 100% - 214 996, being 0.08% *excluding votes withheld ^ in relation to total shares in issue 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 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. Date: 13/09/2018 11:00:00 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. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.