Dealing in securities by an associate of a director of the Company

(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP  JSE share code: STP
("Stenprop" or the "Company")


15 January 2019

Shareholders are advised of the following information relating to the dealing in securities by an associate of a
director of the Company:

Name of associate:                               Lucinda Mary Grant
Name of director and relationship to director:   Richard John Grant, spouse of Lucinda Mary Grant
Transaction date:                                14 January 2019
Class of securities:                             Ordinary shares
Number of securities:                            100 000
Price per security:                              GPB 1.16
Total Value:                                     GPB 116 000.00
Nature of transaction:                           On-market purchase on the London Stock Exchange
Nature and extent of director's interest:        Not applicable

For further information:

Stenprop Limited
Paul Arenson
                                                            44(0)20 3918 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

JSE Sponsor                                                  27 (0) 11 722 3050
Java Capital

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

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