Transfer of the listing of Stenprop from the Alternative Exchange (“ALTX”) to the Main Board of the JSE STENPROP LIMITED (Incorporated in Bermuda) (Registration number 47031) BSX share code: STP.BH JSE share code: STP ISIN: BMG8465Y1093 (“Stenprop” or “the company” or “the group”) TRANSFER OF THE LISTING OF STENPROP FROM THE ALTERNATIVE EXCHANGE (“ALTX ”) TO THE MAIN BOARD OF THE JSE The company is pleased to announce that the JSE has approved the transfer of its listing from the JSE’s AltX to the JSE’s Main Board with effect from Monday, 5 October 2015 (“the transfer”). The transfer will not affect the company’s current listing on the Bermuda Stock Exchange. Stenprop was incorporated and registered in Bermuda on 26 October 2012. Stenprop is a European property investment group focused on cultivating a diversified portfolio of quality investment properties delivering sustainable and growing earnings, distributions and capital growth to shareholders. The group’s portfolio is located primarily in major cities in the United Kingdom, Germany and Switzerland, with an emphasis on commercial and retail assets. Following the transfer, the company will be listed in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE, sector number 8633. 2015 Formal approval granted by the JSE for the transfer Wednesday, 23 September Effective date of the transfer Monday, 5 October Stenprop shares to start trading on the Main Board Tuesday, 5 October 25 September2015 South African corporate advisor and JSE sponsor Java Capital Bermuda Stock Exchange sponsor: Appleby Securities (Bermuda) Ltd Date: 25/09/2015 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.