STOR-AGE PROPERTY REIT LIMITED - Results of the Dividend Reinvestment Programme

Results of the Dividend Reinvestment Programme

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”)


RESULTS OF THE DIVIDEND REINVESTMENT PROGRAMME


Shareholders are referred to the Company’s interim financial results announcement for the six months ended
30 September 2020 released on SENS on Tuesday, 17 November 2020, which contained information relating
to the declaration of a gross interim cash dividend of 52.00 cents (“Cash Dividend”) per Stor-Age ordinary
share of no par value (“Share”) for the six months ended 30 September 2020 and the finalisation
announcement released on SENS on Tuesday, 24 November 2020 disclosing the re-investment price of
R12.40 per new Stor-Age ordinary share of no par value (“New Share”) in terms of the dividend re-investment
programme (“DRIP”).

Shareholders, holding 221 218 373 Shares or 52.22% of Stor-Age’s issued share capital as at Friday, 4
December 2020, and who qualified to receive the Cash Dividend, elected to reinvest their dividend for Shares
in terms of the DRIP (the “Share Alternative”), resulting in the issue of 9 199 992 New Shares and the retention
of R114 094 710.46 of new equity for Stor-Age (based on the re-investment price of R12.40 per Share).
Accordingly, a total Cash Dividend of R105 261 218.40 is payable today in respect of 202 425 420 Shares.

New Shares issued in terms of the Share Alternative will rank pari passu in all respects with the Company’s
Shares and an application will be made to the JSE to adjust the listing of the issued Shares.

Settlement of the Cash Dividend:
• where applicable, electronic transfers will be paid into the bank accounts of certificated shareholders or
  dividend cheques will be posted to certificated shareholders today;
• the CSDP or Broker accounts of dematerialised shareholders will be credited today.

Settlement of the Share Alternative:
• share certificates in respect of certificated shareholders who elected the Share Alternative will be posted
  to such shareholders, at their risk, by registered post on Wednesday, 9 December 2020;
• the CSDP or broker accounts of dematerialised shareholders who elected the Share Alternative will be
  credited with their New Shares and residual cash payments in respect of any fractional entitlements on
  Wednesday, 9 December 2020.

Cape Town
7 December 2020

Sponsor
Investec Bank Limited

Date: 07-12-2020 03:30:00
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