Transaction in own shares STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 ("Stenprop" or the "Company") TRANSACTION IN OWN SHARES 18 July 2019 Further to the announcement published on 9 July 2019 informing shareholders that the Company intended to repurchase shares to mitigate the dilutive effect of the scrip dividend election, shareholders are advised that on 17 July 2019, the Company purchased 1,150,000 ordinary shares at 110 pence per share. These shares will be held as treasury shares. Following the above transaction, the total number of treasury shares held by the Company is 17,087,130 ordinary shares and the total number of shares in issue less shares held in treasury is 281,688,045 ordinary shares. From 17 July 2019, the total number of voting rights in the Company is 281,688,045. For further information: Stenprop Limited 44(0)20 3918 6600 Paul Arenson James Beaumont 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 Charlotte Dale Java Capital Trustees and Sponsors Proprietary Limited 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: 18/07/2019 08:00:00 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.