Dealings in securities by directors of the company STENPROP LIMITED (Incorporated in Bermuda) (Registration number 47031) BSX share code: STP.BH JSE share code: STP ISIN: BMG8465Y1093 (“Stenprop” or “the company”) DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY Shareholders are advised of the following information relating to the acceptance of nil cost options on 23 February 2018. The nil costs options were granted under the Stenprop Limited Long Tem Incentive Plan (“Long Term Incentive Plan”) and will vest on 8 June 2020 subject to certain vesting conditions having been met, including performance targets set by the remuneration committee at the start of the relevant performance period. Assuming that the performance targets are met in full at the end of the performance period, the nil cost options will result in the issue of 950 428 new Stenprop shares: Name of director: Paul Arenson Transaction date: 23 February 2018 Class of securities: Nil cost options Number of securities: 484 623 Nature of transaction: Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Patsy Watson Transaction date: 23 February 2018 Class of securities: Nil cost options Number of securities: 465 804 Nature of transaction: Off-market acceptance of nil cost options in terms of the Long Term Incentive Plan Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes 26 February 2018 JSE sponsor Java Capital Bermuda Stock Exchange sponsor Estera Securities (Bermuda) Limited Date: 26/02/2018 03:00:00 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.