Appointments to the Board 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”) APPOINTMENTS TO THE BOARD OF DIRECTORS The directors of Stor-Age (“the Board”) are pleased to announce the appointment of the following additional independent non-executive directors with effect from 2 May 2018: • Ms Phakama Mbikwana: Ms Mbikwana graduated from Rhodes University in 2002 with a B.Com (Accounting and Economics) after which she completed a Bridging Certificate in the Theory of Accounting at Rand Afrikaans University. She also holds an International Executive Development Program certificate from US-based Duke Corporate (an affiliate of Duke University). Ms Mbikwana has more than 15 years’ experience in all segments of the banking industry and, until recently, held the position of Head of Construction and Related Sectors at Barclays Africa Limited. Prior to joining Barclays, she held roles at Standard Bank Group, Investment Solutions, Alexander Forbes Multi Asset Management and Nedbank Corporate. She is also the founder of Dandelion Capital, a company seeking to invest in diverse sectors in order to drive growth and influence strategy. • Ms Kelly-Maree de Kock: Ms de Kock is a Chartered Accountant (SA). She is also a Chartered Financial Analyst (“CFA”) charterholder and holds a MBA from the University of Cape Town. Since 2015, she has been an Executive Committee member of the Association of Black Securities and Investment Professionals (“ABSIP”), Western Cape. Ms de Kock has more than eleven years’ commercial experience in the financial services sector and currently holds the position of Chief Operating Officer at Old Mutual Wealth Trust Company. She previously held the positions of Head of Institutional Business Development at Kagiso Asset Management and Investor Relations Manager: South Africa at Old Mutual plc. The Board extends a warm welcome to these new directors and looks forward to their contributions to the Company. Claremont 23 April 2018 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 23/04/2018 09:00:00 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.