Dealings in securities by a director, associates of directors and persons 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 PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY


3 August 2021

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 2021 either as a cash dividend or a scrip
dividend by way of an issue of new Stenprop shares (the “Scrip Dividend”). Shareholders are advised of the
following information relating to dealings in securities by a director, by associates of directors, by a person
discharging managerial responsibility and by an associate of a person discharging managerial responsibility.
Clearance to deal was granted in respect of all Scrip Dividend elections.

Name of director:                                  Paul Arenson
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   9,020
Deemed total value of the transaction:             GBP 13,933.65 (at a value of GBP 1.54475 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:                                 Lonat 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 Lonat Limited
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   235,750
Deemed total value of the transaction:             GBP 364,174.81 (at a value of GBP 1.54475 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:                                 Wetherby Holdings 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 Wetherby Holdings
                                                   Limited
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   37,652
Deemed total value of the transaction:             GBP 58,162.93 (at a value of GBP 1.54475 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 Investments Limited
Name of director and relationship to director:     Paul Arenson, who is the sole director of Saruga Investments
                                                   Limited
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   19,103
Deemed total value of the transaction:             GBP 29,509.36 (at a value of GBP 1.54475 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:                                 The Swallow Trust
Name of director and relationship to director:     Patsy Watson, who is a discretionary beneficiary of the
                                                   Swallow Trust
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   13,018
Deemed total value of the transaction:             GBP 20,109.56 (at a value of GBP 1.54475 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 person discharging managerial              Neil Marais
responsibility:
Position:                                          Director of Stenprop (Swiss) Limited and Stenprop Trafalgar
                                                   Limited, being subsidiaries of Stenprop.
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   60
Deemed total value of the transaction:             GBP 92.69 (at a value of GBP 1.54475 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:                                 Sphere Investments Limited
Name and position of person discharging            Stephen Ball, director of Stenprop (Swiss) Limited and
managerial responsibility and relationship to      Stenprop Trafalgar Limited, being subsidiaries of Stenprop.
person discharging managerial responsibility:      Stephen Ball has a beneficial interest in Sphere Investments
                                                   Limited.
Transaction date:                                  30 July 2021
Class of securities:                               Ordinary shares
Number of securities to be issued as a result of
the transaction:                                   5,994
Deemed total value of the transaction:             GBP 9,259.23 (at a value of GBP 1.54475 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


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: 03-08-2021 04:00:00
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