Completion of the acquisition of five self storage properties in the United Kingdom 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 “group”) COMPLETION OF THE ACQUISITION OF FIVE SELF STORAGE PROPERTIES IN THE UNITED KINGDOM Shareholders are referred to the announcement published on SENS on 18 November 2019, in terms of which shareholders were advised that Stor-Age, through its subsidiary, Betterstore Self Storage Properties 1 Limited (“Betterstore”), had agreed the terms on which Betterstore would acquire 100% of the issued share capital of Flexi Store Self Storage Limited (the “Acquisition”). Shareholders are hereby advised that the formal exchange and completion of transaction documentation and the satisfaction of prescribed banking conditions under the group’s existing facilities in respect of the Acquisition have been satisfied. Accordingly, the Acquisition is effective as of 10 December 2019. The Acquisition is not a categorised transaction in terms of the JSE Listings Requirements and is therefore not subject to shareholder approval. This announcement is voluntary and for information purposes only. Johannesburg 12 December 2019 Financial Advisor Investec Bank Limited Sponsor Questco Corporate Advisory Proprietary Limited Date: 11-12-2019 01:04:00 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.