STOR-AGE PROPERTY REIT LIMITED - Results of the Dividend Re-Investment Programme

Results of the Dividend Re-Investment 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 RE-INVESTMENT PROGRAMME

Shareholders are referred to the Company’s financial results announcement for the six months ended
30 September 2018 released on SENS on 20 November 2018, which contained information relating to the
declaration of a gross interim cash dividend of 51.30 cents per share (“Cash Dividend”) for the six months
ended 30 September 2018 and the finalisation announcement released on SENS on 27 November 2018
disclosing the re-investment price of R12.00 per new share in terms of the dividend re-investment
programme (“DRIP”).

Shareholders, holding 114 116 808 Stor-Age ordinary shares or 33.87% of Stor-Age’s issued ordinary shares
as at Friday, 7 December 2018, 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 4 852 861 new
Stor-Age ordinary shares of no par value and the retention of R58 246 464.63 of new equity for Stor-Age
(based on the re-investment price of R12.00 per share). Accordingly, a total Cash Dividend of
R114 282 102.70 is payable today in respect of 222 772 130 Stor-Age ordinary shares.

Ordinary shares issued in terms of the Share Alternative will rank pari passu in all respects with the
Company’s existing issued ordinary shares and an application will be made to the JSE to adjust the listing of
the issued ordinary 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, 12 December 2018.
•     the CSDP or broker accounts of dematerialised shareholders who elected the Share Alternative will be
      credited with their new ordinary shares and residual cash payments in respect of any fractional
      entitlements on Wednesday, 12 December 2018.

Cape Town
10 December 2018

Sponsor and Corporate Advisor
Questco Corporate Advisory Proprietary Limited

Date: 10/12/2018 03:07:00 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.