Dealing in securities by a director of the company

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


12 February 2019

Shareholders are advised of the following information relating to the dealing in securities by a director of the

Name of director:                                   Julian Carey
Transaction date:                                   11 February 2019
Class of securities:                                Ordinary shares
Number of securities:                               105,000
Price per security:                                 GBP 1.12125
Total Value:                                        GBP 117,731.25
Nature of transaction:                              On-market sale on the London Stock Exchange ("LSE")
Nature and extent of director's interest:           Direct beneficial
Clearance to deal received:                         Yes

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 Trustees and Sponsors Proprietary Limited

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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