Dealings 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")


6 September 2019

Shareholders are advised of the following information relating to the exercise of vested nil cost options awarded under 
the Stenprop Limited Amended Deferred Share Bonus Plan ("Deferred Bonus Plan"):

Name of director:                                        Julian Carey
Transaction date:                                        3 September 2019
Class of securities:                                     Nil cost options
Number of securities exercised:                          107 090
Deemed total value of the transaction:                   GBP 112,979.95 (at a deemed value of GBP 1.055 per nil cost
Nature of transaction:                                   Off-market exercise of nil cost options in terms of the Deferred
                                                         Bonus Plan
Nature and extent of director's interest:                Direct beneficial
Clearance to deal received:                              Yes

The Company intends to utilise treasury shares to settle the exercise of the nil cost options to the above participants of 
the Deferred Bonus Plan, following which the total number of treasury shares held by the Company will be 15,830,040 ordinary
shares and the total number of shares in issue less shares held in treasury will be 282,945,135 ordinary shares.

For further information:

Stenprop Limited
James Beaumont                                                       44(0)20 3918 6600
Paul Arenson
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

Date: 06/09/2019 12:00:00
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