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Vesting and Award of Stor-Age CSP Shares
Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share code: SSS ISIN: ZAE000208963
Alpha code: SSSI
Approved as a REIT by the JSE
("Stor-Age")
VESTING AND AWARD OF STOR-AGE CSP SHARES
1. Vesting of Stor-Age shares
In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements and paragraphs 6.45 to
6.48 of the Debt & Specialist Securities Listings Requirements, the following information is disclosed in
respect of the vesting of performance shares in terms of the Stor-Age Property REIT Limited Conditional
Share Plan ("CSP"):
Executive director G M Lucas
Nature of transaction Off market vesting of CSP shares
Clearance to deal obtained Yes
Nature of interest Direct beneficial
Class of securities Ordinary shares of no par value
Date of transaction 4 September 2025
Number of shares 541 542
Price per share R15.81
Total value R8 561 779.02
Executive director S C Lucas
Nature of transaction Off market vesting of CSP shares
Clearance to deal obtained Yes
Nature of interest Direct beneficial
Class of securities Ordinary shares of no par value
Date of transaction 4 September 2025
Number of shares 541 542
Price per share R15.81
Total value R8 561 779.02
Executive director S J Horton
Nature of transaction Off market vesting of CSP shares
Clearance to deal obtained Yes
Nature of interest Direct beneficial
Class of securities Ordinary shares of no par value
Date of transaction 4 September 2025
Number of shares 541 542
Price per share R15.81
Total value R8 561 779.02
2. Award of Stor-Age shares
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, and paragraphs
6.45 to 6.48 of the Debt & Specialist Securities Listings Requirements, Stor-Age shareholders are
advised that the executive directors have accepted the following awards of performance shares made
in terms of the CSP:
Executive director S J Horton
Nature of transaction Off-market acceptance of performance
shares awarded in terms of the CSP
Class of securities Ordinary shares of no par value
Date of award 4 September 2025
Date of acceptance of award 5 September 2025
No. of Performance Shares awarded 400 982
Award value per share R15.81
Total value of award R6 339 525.42
Vesting date 1 September 2028*
Nature of interest Direct beneficial
Executive director G M Lucas
Nature of transaction Off-market acceptance of performance
shares awarded in terms of the CSP
Class of securities Ordinary shares of no par value
Date of award 4 September 2025
Date of acceptance of award 5 September 2025
No. of Performance Shares awarded 400 982
Award value per share R15.81
Total value of award R6 339 525.42
Vesting date 1 September 2028*
Nature of interest Direct beneficial
Executive director S C Lucas
Nature of transaction Off-market acceptance of performance
shares awarded in terms of the CSP
Class of securities Ordinary shares of no par value
Date of award 4 September 2025
Date of acceptance of award 5 September 2025
No. of Performance Shares awarded 400 982
Award value per share R15.81
Total value of award R6 339 525.42
Vesting date 1 September 2028*
Nature of interest Direct beneficial
* The above assumes that the performance conditions have been deemed satisfied by the
Stor-Age remuneration committee. If not deemed satisfied by 1 September 2028, then the
vesting date will be the date upon which this is finalised by the remuneration committee.
Cape Town
5 September 2025
Equity Sponsor
Investec Bank Limited
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 05-09-2025 11:35:00
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