Change to the board of directors STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) LSE share code: STP JSE share code: STP ISIN: GG00BFWMR296 (“Stenprop” or the “Company”) CHANGE TO THE BOARD OF DIRECTORS 10 June 2020 Shareholders are advised that, as part of a process to increase the proportion of independent directors on the board, Warren Lawlor has confirmed that he will not stand for re-election at the Company’s upcoming annual general meeting to be held on or about 16 September 2020 and that he will step down from his position as a director of the Company with effect from that date. We wish to thank Warren for his outstanding contribution to the Board since he was appointed in April 2017. A structured process to identify and attract an independent non-executive director with the appropriate expertise and background to replace Warren will commence in the near future. For further information: Stenprop Limited 44(0)20 3918 6600 Paul Arenson (email@example.com) Julian Carey (firstname.lastname@example.org) James Beaumont (email@example.com) Numis Securities Limited (Financial Adviser) 44(0)20 7260 1000 Hugh Jonathan Vicki Paine Justin Bell 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 www.stenprop.com. Date: 10-06-2020 04:00:00 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.