STOR-AGE PROPERTY REIT LIMITED - Dealings in securities by directors and acceptance by directors of shares awarded

Dealings in securities by directors and acceptance by directors of shares awarded

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”)

DEALINGS IN SECURITIES BY DIRECTORS AND ACCEPTANCE BY DIRECTORS OF
SHARES AWARDED IN TERMS OF THE COMPANY’S CONDITIONAL SHARE PLAN

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the
following information is disclosed:

Non-executive director                 : J A L Chapman
Nature of transaction                  : Off-market acquisition of shares in terms of the
                                         Company’s Dividend Re-Investment Programme
Nature of interest                     : Direct beneficial
Class of securities                    : Ordinary shares
Date of transaction                    : 6 December 2021
Price per share                        : R14.20
Number of securities                   : 6 771
Total value                            : R96 148.20

Name of associate                      : The Chapman Family Trust
Relationship                           : J A L Chapman is a trustee and beneficiary of
                                         The Chapman Family Trust
Nature of transaction                  : Off-market acquisition of shares in terms of the
                                         Company’s Dividend Re-Investment Programme
Nature of interest                     : Indirect beneficial
Class of securities                    : Ordinary shares
Date of transaction                    : 6 December 2021
Price per share                        : R14.20
Number of securities                   : 10 961
Total value                            : R155 646.20

Executive directors                    : G M Lucas and S C Lucas
Name of associate                      : The LJL Trust
Relationship                           : G M Lucas and S C Lucas are trustees and
                                         beneficiaries of the LJL Trust
Nature of transaction                  : Off-market acquisition of shares in terms of the
                                         Company’s Dividend Re-Investment Programme
Nature of interest                     : Indirect beneficial
Class of securities                    : Ordinary shares
Date of transaction                    : 6 December 2021
Price per share                        : R14.20
Number of securities                   : 8 241
Total value                            : R117 022.20

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements,
Stor-Age shareholders are advised that the executive directors have accepted the
following awards of Performance Shares made in terms of the Stor-Age Property REIT
Limited Conditional Share Plan (“CSP”):
Executive director                      : S J Horton
Nature of transaction                   : Off-market acceptance of Performance Shares
                                          awarded in terms of the CSP
Date of award                           : 30 November 2021
Date of acceptance of award             : 2 December 2021
No. of Performance Shares awarded       : 381 388
Award value per share                   : R14.02
Total value of award                    : R5 347 059.76
Vesting date                            : 2 September 2024*
Nature of interest                      : Direct beneficial

Executive director                      : G M Lucas
Nature of transaction                   : Off-market acceptance of Performance Shares
                                          awarded in terms of the CSP
Date of award                           : 30 November 2021
Date of acceptance of award             : 2 December 2021
No. of Performance Shares awarded       : 381 388
Award value per share                   : R14.02
Total value of award                    : R5 347 059.76
Vesting date                            : 2 September 2024*
Nature of interest                      : Direct beneficial

Executive director                      : S C Lucas
Nature of transaction                   : Off-market acceptance of Performance Shares
                                          awarded in terms of the CSP
Date of award                           : 30 November 2021
Date of acceptance of award             : 2 December 2021
No. of Performance Shares awarded       : 381 388
Award value per share                   : R14.02
Total value of award                    : R5 347 059.76
Vesting date                            : 2 September 2024*
Nature of interest                      : Direct beneficial

*Note: The above assumes that the Performance Conditions have been deemed satisfied by the
Stor-Age Remuneration Committee. If not deemed satisfied by 2 September 2024, then the
vesting date will be the date upon which this is finalised by the Remuneration Committee.

Clearance to trade was obtained for all the above transactions.

Cape Town
6 December 2021


Sponsor
Investec Bank Limited

Date: 06-12-2021 11:26:00
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.