Completion of disposal of the Bleichenhof property

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


5 March 2020

Further to the announcement made by the Company on 18 December 2019, Stenprop announces that the sale of the
property known as Bleichenhof in Hamburg has now completed.

Paul Arenson, CEO of Stenprop, commented: “This is a significant sale for Stenprop, and another step in the transition
towards becoming a 100% UK multi-let industrial business. This sale releases cash in excess of £46.7 million which is
now available to be re-deployed in the acquisition of additional UK multi let industrial estates. Following completion
of this sale, UK MLI estates now comprise approximately 57% of our total property portfolio”.

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: 05-03-2020 09:00:00
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