Dealings by an Associate of a Director 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 A DIRECTOR 1. The Fairstore Trust, an associate of Stor-Age’s non-executive director, Graham Blackshaw, has transferred Stor-Age shares that were held by the Fairstore Trust for the benefit of one of its beneficiaries, Mike Vietri, to a separate entity, in which Graham Blackshaw has no interest. 2. In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, the following information is disclosed in respect of this transfer: Name of director: G Blackshaw Type of director: Non-executive director Name of associate: Fairstore Trust Relationship: Trustee and beneficiary Nature of transaction: Off-market transfer Number of shares transferred: 500 000 Date of transfer of shares: 15 February 2016 Deemed price (based on the prevailing market 925 cents per share price*): Total deemed value: R4 625 000.00 Nature of interest: Indirect beneficial, as set out in paragraph 1 above *Closing share price on 15 February 2016, being the date of the transfer. Claremont 17 February 2016 Sponsor to Stor-Age Questco (Pty) Ltd Date: 17/02/2016 05:00:00 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.