Dealings by an associate 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”) DEALINGS BY AN ASSOCIATE OF DIRECTORS In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, the following information is disclosed in respect of the purchase of Stor-Age ordinary shares by an associate of the following directors of the Company: Name of directors: Gavin Lucas, Stephen Lucas, Steven Horton Type of director: Executive directors Name of associate: Stor-Age Property Holdings Proprietary Limited (“Stor-Age Property Holdings”) Relationship: Ultimate beneficiaries of trusts which own 100% of the shares in Stor-Age Property Holdings Nature of transaction: On market purchase Number of shares purchased: 5 450 Date of purchase of shares: 27 January 2016 Price: R9.00 Total value: R49 050 Nature of interest: Indirect beneficial Name of directors: Gavin Lucas, Stephen Lucas, Steven Horton Type of director: Executive directors Name of associate: Stor-Age Property Holdings Proprietary Limited (“Stor-Age Property Holdings”) Relationship: Ultimate beneficiaries of trusts which own 100% of the shares in Stor-Age Property Holdings Nature of transaction: On market purchase Number of shares purchased: 3 223 Date of purchase of shares: 28 January 2016 Price: R9.00 Total value: R29 007 Nature of interest: Indirect beneficial Name of directors: Gavin Lucas, Stephen Lucas, Steven Horton Type of director: Executive directors Name of associate: Stor-Age Property Holdings Proprietary Limited (“Stor-Age Property Holdings”) Relationship: Ultimate beneficiaries of trusts which own 100% of the shares in Stor-Age Property Holdings Nature of transaction: On market purchase Number of shares purchased: 2 327 Date of purchase of shares: 28 January 2016 Price: R9.10 Total value: R21 175.70 Nature of interest: Indirect beneficial Claremont 29 January 2016 Sponsor to Stor-Age Questco (Pty) Ltd Date: 29/01/2016 10:30:00 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.