Stenprop buys another UK Multi-Let Industrial Estate STENPROP LIMITED (Registered in Guernsey) (Registration number 64865) BSX share code: STP.BH JSE share code: STP ISIN: GG00BFWMR296 (“Stenprop” or the “Company”) STENPROP BUYS ANOTHER UK MULTI-LET INDUSTRIAL ESTATE Shareholders are advised that Stenprop completed the acquisition of a fully-let industrial estate in Shrewsbury on 24 April 2018 for £2.9 million, in line with its stated strategy to focus on UK multi-let industrial (“MLI”) property. The purchase from South Street Capital reflects a net initial yield of 6.7%. Greenwood Industrial Estate is located off Cartmel Drive in the primary industrial area of Shrewsbury, three miles north of the town centre. It comprises 30 units, totalling 44,611 sq ft of industrial space. The weighted average unexpired lease term is 3.7 years to lease expiries and 2.3 years to lease breaks. The average passing rent is £4.70/sq ft. The Company believes that there is the potential to make improvements to the estate through a programme of capital expenditure, which would provide scope for rental growth, The estate is the sixth acquired by Stenprop since its purchase of the Industrials.co.uk portfolio for £127 million in June 2017. Stenprop is seeking a further £100 million of multi-let industrial opportunities in the UK over the course of 2018. This announcement is voluntary and for information purposes only. Stenprop has a primary listing on the Main Board of the Johannesburg Stock Exchange (“JSE”) and a secondary listing on the Bermuda Stock Exchange. 25 April 2018 JSE sponsor Java Capital Bermuda Stock Exchange sponsor Estera Securities (Bermuda) Limited Date: 25/04/2018 04:39:00 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.