Dealings in securities by an associate of a director and by a director of major subsidiaries of the company

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 AN ASSOCIATE OF A DIRECTOR OF THE COMPANY AND BY A DIRECTOR OF MAJOR SUBSIDIARIES OF THE COMPANY


12 March 2019

Shareholders are advised of the following information relating to dealings in securities by an associate of a director of the
Company and by a director of major subsidiaries of the Company:

Name of associate:                                          Millicent Limited
Name of director and relationship to director:              Patsy Watson, who is a discretionary beneficiary of the Swallow
                                                            Trust which has a beneficial interest in Millicent Limited
Transaction date:                                           11 March 2019
Class of securities:                                        Ordinary shares
Number of securities:                                       116,500
Price per security:                                         GBP 1.1325
Total value:                                                GBP 131,936.25
Nature of transaction:                                      On-market sale on the London Stock Exchange (“LSE”)
Nature and extent of director's interest:                   Indirect beneficial


Name of director of major subsidiaries:                     Neil Marais
Name of major subsidiaries:                                 Stenprop (UK) Limited and Stenprop (Germany) Limited
Transaction date:                                           11 March 2019
Class of securities:                                        Ordinary shares
Number of securities:                                       8,045
Price per security:                                         GBP 1.1325
Total Value:                                                GBP 9,110.96
Nature of transaction:                                      On-market sale on the 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

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 www.stenprop.com.

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