Results of the General Meeting 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”) RESULTS OF THE GENERAL MEETING 1. INTRODUCTION Shareholders are referred to the announcements released on SENS on Tuesday, 5 September 2017 and Monday, 18 September 2017 as well as the circular issued to shareholders on Monday, 18 September 2017 (“the Circular”), regarding the proposed acquisition by Stor-Age (through its wholly owned subsidiary, Roland Street Investments Proprietary Limited) of 97.3% of the issued share capital of Betterstore Self Storage Holdings Limited (“Storage King”) (“the Proposed Transaction”). 2. RESULTS OF THE GENERAL MEETING At the general meeting held today, 17 October 2017, to approve the Proposed Transaction (“General Meeting”), all of the resolutions as set out in the notice of the General Meeting enclosed with the Circular, were passed, without modification, by the requisite majority of votes cast by shareholders. The following information is provided: Total number of shares that can be exercised at the meeting 179 552 420 Number of shares represented at the General Meeting, in person or by proxy 119 221 016 Shares represented at the General Meeting as a percentage of shares in issue 66% Details of the results of the General Meeting are as follows: Resolution proposed For(1) Against(1) Abstain(2) Shares voted Special resolution number 1 Authority to issue shares as required in terms of the Companies Act, No. 71 of 119 197 056 0 23 960 119 197 056 2008 100.00% 0.00% 0.01% 66.39% Ordinary resolution number 1 Approval of the Proposed Transaction 119 197 056 0 23 960 119 197 056 as a category 1 transaction 100.00% 0.00% 0.01% 66.39% Ordinary resolution number 2 Authority of directors 119 197 056 0 23 960 119 197 056 100.00% 0.00% 0.01% 66.39% Notes: (1) Disclosed as a percentage of shares voted (2) Disclosed as a percentage of shares in issue 3. CONDITIONS PRECEDENT The Proposed Transaction remains subject to the fulfillment or waiver of the following conditions precedent: - Debt funding agreements for a minimum of £25m becoming unconditional; and - Stor-Age successfully raising cash in an amount of c.R900m, through the issue of new shares. - Shareholders will be advised as and when the Proposed Transaction becomes unconditional. Johannesburg 17 October 2017 Corporate Advisor and Transaction Sponsor Investec Bank Limited Sponsor Questco Corporate Advisory Proprietary Limited Date: 17/10/2017 11:54:00 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.