Results of general meeting

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


19 February 2020

Shareholders are referred to the announcement released on RNS and SENS on Wednesday 18 December 2019 and to the circular
issued to shareholders dated 27 January 2020 (the “circular”) relating to the proposed disposal of the property known as Bleichenhof
in Hamburg, Germany (the “transaction”), and incorporating a notice of general meeting.

Unless otherwise defined, words defined in the circular bear the same meaning in this announcement. Shareholders are referred to
the notice of general meeting attached to the circular for details of the resolutions referred to below.

Shareholders are advised that at the general meeting of Stenprop shareholders held on Wednesday, 19 February 2020 (the “general
meeting”), all resolutions required to be passed by Stenprop shareholders in order to approve the transaction were passed by the
requisite majority of shareholders.

Details of the results of voting at the general meeting are as follows:

-       total number of Stenprop shares in issue: 298,775,175;
-       total number of Stenprop shares that could have been voted at the general meeting, excluding 14,542,867 treasury shares:
        284,232,308; and
-       total number of Stenprop shares that were present/represented at the general meeting: 94,086,334, being 33.10% of the
        total number of Stenprop shares that could have been voted at the general meeting.

Ordinary resolution 1: Disposal of Bleichenhof property

Shares voted*                      For                               Against                    Abstentions^
94,028,657, being 31.47%           94,028,657, being 100%            -                          57,677, being 0.02%

Ordinary resolution 2: Authority to give effect to resolutions

Shares voted*                      For                               Against                    Abstentions^
94,020,143, being 31.47%           94,020,143, being 100%            -                          66,191, being 0.02%

* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue

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

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

Date: 19-02-2020 05:12:00
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.