STOR-AGE PROPERTY REIT LIMITED - Results of the Dividend Re-Investment Programme

Results of the Dividend Re-Investment Programme

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN ZAE000208963
Approved as a REIT by the JSE
(“Stor-Age” or “the Company”)

RESULTS OF THE DIVIDEND RE-INVESTMENT PROGRAMME

Shareholders are referred to the Company’s financial results announcement for the six months ended
30 September 2019 released on SENS on 19 November 2019, which contained information relating to the
declaration of a gross interim cash dividend of 54.89 cents per share (“Cash Dividend”) for the six months
ended 30 September 2019 and the finalisation announcement released on SENS on 26 November 2019
disclosing the re-investment price of R14.00 per new share in terms of the dividend re-investment
programme (“DRIP”).

Shareholders, holding 122 904 058 Stor-Age ordinary shares or 31.27% of Stor-Age’s issued ordinary shares
as at Friday, 6 December 2019, and who qualified to receive the Cash Dividend, elected to reinvest their
dividend for shares in terms of the DRIP (“the Share Alternative”), resulting in the issue of 4 813 818 new
Stor-Age ordinary shares of no par value and the retention of R67 407 978.42 of new equity for Stor-Age
(based on the re-investment price of R14.00 per share). Accordingly, a total Cash Dividend of
R146 886 363.99 is payable today in respect of 267 601 319 Stor-Age ordinary shares.

Ordinary shares issued in terms of the Share Alternative will rank pari passu in all respects with the
Company’s existing issued ordinary shares and an application will be made to the JSE to adjust the listing of
the issued ordinary shares.

Settlement of the Cash Dividend:
•     where applicable, electronic transfers will be paid into the bank accounts of certificated shareholders
      or dividend cheques will be posted to certificated shareholders today.
•     the CSDP or Broker accounts of dematerialised shareholders will be credited today.

Settlement of the Share Alternative:
•     share certificates in respect of certificated shareholders who elected the Share Alternative will be
      posted to such shareholders, at their risk, by registered post on Wednesday, 11 December 2019.
•     the CSDP or broker accounts of dematerialised shareholders who elected the Share Alternative will be
      credited with their new ordinary shares and residual cash payments in respect of any fractional
      entitlements on Wednesday, 11 December 2019.

Cape Town
9 December 2019

Sponsor and Corporate Advisor
Questco Corporate Advisory Proprietary Limited

Date: 09-12-2019 09:34:00
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