Dealings by an associate of a director of the Company

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


DEALINGS BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


16 February 2021

Shareholders are advised of the following information relating to dealings in the Company’s securities by an associate of a
director:

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:                                          15 February 2021
Class of securities:                                       Ordinary shares
Number of securities sold:                                 50,360
Price per security:                                        GBP 1.39
Deemed total value of the transaction:                     GBP 70,000.40
Nature of transaction:                                     On-market sale
Nature and extent of director’s interest:                  Indirect 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 (JSE Sponsor)                                                        27 (0)11 722 3050

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: 16-02-2021 11:00:00
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