Distribution of Circular and Notice of General Meeting 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”) DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders are advised that a circular, containing details of the proposed Stor-Age Conditional Share Plan and containing a notice of a general meeting to consider and, if deemed fit, approve the relevant resolutions pertaining thereto (“the Circular”), was posted today, 21 January 2019, to shareholders registered as such on the record date, being Friday, 11 January 2019. A general meeting of shareholders will accordingly be held on Tuesday, 19 February 2019 at 10:00 at the offices of the JSE, 155 Campground Road, Newlands, 7700 (the “General Meeting”), for these purposes. The Circular is available on the Company’s website: http://investor-relations.stor-age.co.za/. The salient dates and times relating to the General Meeting are set out below: 2019 Last day to trade in order to be eligible to vote at the General Tuesday, 5 February Meeting Record date in order to vote at the General Meeting Friday, 8 February Forms of proxy to be lodged at or received via post or e-mail by the Friday, 15 February transfer secretaries or company secretary by no later than 10:00 (note 3) General Meeting to be held at 10:00 Tuesday, 19 February Results of the General Meeting released on SENS Tuesday, 19 February Notes: 1. The above dates and times are subject to amendment and any amendment made will be released on SENS. 2. All times given are South African local times. 3. Forms of Proxy may also be handed to the Chairman at the commencement of the General Meeting at any time before the proxy exercises any rights of the shareholder at the General Meeting. The above dates and times are subject to change. Any such changes will be published on SENS. Cape Town 21 January 2019 Sponsor Questco Corporate Advisory Proprietary Limited Date: 21/01/2019 03:00:00 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.