Dealings in securities by a director, associates of directors and a person discharging managerial responsibility

STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP  JSE share code: STP
ISIN: GG00BFWMR296
(“Stenprop” or the “Company”)


DEALINGS IN SECURITIES BY A DIRECTOR, ASSOCIATES OF DIRECTORS AND A PERSON DISCHARGING MANAGERIAL RESPONSIBILITY


5 August 2020

Stenprop shareholders are referred to previous announcements in respect of the offer to receive the final dividend of
3.375 pence per share for the six months ended 31 March 2020 either as a cash dividend or a scrip dividend in return for
Stenprop shares (the “Scrip Dividend”). Shareholders are advised of the following information relating to dealings in
securities by a director, by associates of directors and by a person discharging managerial responsibility in terms of the Scrip
Dividend. Clearance to deal was granted in respect of all Scrip Dividend elections.

Name of director:                                        Paul Arenson
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    11,529
Deemed total value of the transaction:                   GBP 13,562.05 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Direct beneficial

Name of associate                                        Jabali Enterprises Limited
Name of director and relationship to director:           Paul Arenson, who is a discretionary beneficiary of the Lonat Trust
                                                         which has a beneficial interest in Jabali Enterprises Limited
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    155,431
Deemed total value of the transaction:                   GBP 182,840.01 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Indirect beneficial

Name of associate                                        Saruga Trust
Name of director and relationship to director:           Paul Arenson, who is a discretionary beneficiary of the Saruga Trust
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    88,015
Deemed total value of the transaction:                   GBP 103,535.74 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Indirect beneficial

Name of associate                                        Lonat Trust
Name of director and relationship to director:           Paul Arenson, who is a discretionary beneficiary of the Lonat Trust
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    57,858
Deemed total value of the transaction:                   GBP 68,060.80 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Indirect beneficial

Name of associate:                                       Zowert Properties Limited
Name of director and relationship to director:           Paul Arenson, who is a discretionary beneficiary of the Saruga Trust,
                                                         which has a beneficial interest in Zowert Properties Limited
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    48,123
Deemed total value of the transaction:                   GBP 56,609.11 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Indirect beneficial

Name of associate:                                       Millicent Limited
Name of director and relationship to director:           Patsy Watson, who is a discretionary beneficiary of the Swallow Trust
                                                         which has a beneficial interest in Millicent Limited
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    119,660
Deemed total value of the transaction:                   GBP 140,761.08 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Indirect beneficial

Name:                                                    Neil Marais
Position:                                                Director of Stenprop (Swiss) Limited and Stenprop Trafalgar Limited,
                                                         being subsidiaries of Stenprop
Transaction date:                                        3 August 2020
Class of securities:                                     Ordinary shares
Number of securities:                                    314
Deemed total value of the transaction:                   GBP 369.37 (at a value of GBP 1.176342 per share)
Nature of transaction:                                   Election to receive shares pursuant to the Scrip Dividend as an off-
                                                         market transaction
Nature and extent of director’s interest:                Direct beneficial


For further information:
Stenprop Limited                                                                  44(0)20 3918 6600
Paul Arenson (paul.arenson@stenprop.com)
Julian Carey (julian.carey@stenprop.com)
James Beaumont (james.beaumont@stenprop.com)

Numis Securities Limited (Financial Adviser)                                      44(0)20 7260 1000
Hugh Jonathan
Vicki Paine

FTI Consulting (PR Adviser)                                                       44(0)20 3727 1000
Dido Laurimore
Richard Sunderland
Richard Gotla
Neel Bose
Stenprop@fticonsulting.com

Java Capital Trustees and Sponsors Proprietary Limited                            27 (0)11 722 3050
(JSE Sponsor)

About Stenprop:
Stenprop is a UK REIT listed on the LSE and the JSE. 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: 05-08-2020 12:00:00
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