STOR-AGE PROPERTY REIT LIMITED - Appointment to the board of directors

Appointment to the board of directors

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”)

APPOINTMENT TO THE BOARD OF DIRECTORS

Stor-Age is pleased to announce the appointment of Mr. Abu Varachhia as an independent non-
executive director effective from 4 January 2021. Upon joining the board, Abu will also take up a position
on the investment committee.

Abu Varachhia:

With more than 30 years of business experience, and having qualified with a Bachelor of Science
degree (Quantity Surveying) obtained from the University of Cape Town, Abu has initiated several multi-
million Rand property development projects throughout South Africa. He has previously served on the
boards of JSE listed companies Spearhead Property Holdings Limited, Ingenuity Property Investments
Limited and Mazor Group Limited as a non-executive director at each. Abu currently serves as the non-
executive chairman of Spear REIT Limited, a position he has held since the company listed in November
2016.

During his career Abu has held numerous leadership roles. These include amongst others, chairman
of LDM Quantity Surveyors, vice-president of the South African Council for the Quantity Surveying
Profession, chairman of the Black Technical and Allied Careers Organisation and chairperson of the
Build Environment Advisory Committee for the 2004 Olympic Bid.

Abu’s extensive experience and skills in the property industry will be of great value to the future of Stor-
Age. The Board extends a warm welcome to Abu and looks forward to his contribution to the Company.

Claremont
17 December 2020

Sponsor
Investec Bank Limited
Date: 17-12-2020 11:27:00
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