Dividend declaration - salient dates 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”) DIVIDEND DECLARATION – SALIENT DATES AND TIMES Shareholders are referred to the SENS announcement released this morning containing the condensed unaudited consolidated interim results for the six months ended 30 September 2017, which included a declaration of a cash dividend (“Cash Dividend”) with an election to re-invest the Cash Dividend in return for Stor-Age shares (“Share Alternative”), and are advised that the following salient dates apply thereto: 2017 Finalisation announcement of Share Alternative issue price released on Tuesday, 28 November SENS (“Finalisation Announcement”) Last day to trade (“LDT”) cum-dividend and Share Alternative Tuesday, 5 December Shares to trade ex-dividend Wednesday, 6 December Listing of maximum possible Share Alternative shares commences on Friday, 8 December the JSE at 09:00 Last day to elect to receive the Share Alternative (no late Forms of Friday, 8 December Election will be accepted) at 12:00 Record date to determine which shareholders may participate in the Friday, 8 December Share Alternative (“Record Date”) Announcement of the results of the Share Alternative on SENS Monday, 11 December Cheques posted to certificated shareholders and accounts credited by CSDPs or brokers of dematerialised shareholders who do not elect to Monday, 11 December receive the Share Alternative Share certificates posted to certificated shareholders and accounts credited by CSDPs or brokers of dematerialised shareholders who have Wednesday, 13 December elected the Share Alternative Adjustment to number of shares listed on or about Friday, 15 December Notes: • All times are South African times. The above dates and times are subject to change and any change will be advised on SENS and in the press. • Shareholders electing the Share Alternative are reminded that the new shares will be listed on LDT+3 and that these new shares can only be traded on LDT+3 as a result of the settlement of Shares 3 days after the Record Date, which differs from the conventional 1 day after the Record Date settlement process. • Shares may not be dematerialised or rematerialised between the commencement of trade on Wednesday, 6 December 2017 and the close of trade on Friday, 8 December 2017 (both days inclusive). Cape Town 21 November 2017 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 21/11/2017 12:00:00 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.