Change to the total number of voting rights

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP JSE share code: STP

ISIN: GG00BFWMR296

("Stenprop" or the "Company")

Change to the total number of voting rights

6 July 2021

The Company announces that an option to acquire 5,968 ordinary shares in the Company was exercised. The Company utilised treasury shares to settle the exercise of this option. With effect from today's date, the total number of shares in the Company is 298,775,175, of which 11,509,755 are treasury shares and have no voting rights, and 287,265,420 are ordinary shares with voting rights.

The figure of 287,265,420 shares may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.

For further information:

Stenprop Limited +44(0)20 3918 6600

Paul Arenson (paul.arenson@stenprop.com)

Julian Carey (julian.carey@stenprop.com)

James Beaumont (james.beaumont@stenprop.com)

Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000

Hugh Jonathan

Vicki Paine

Justin Bell

FTI Consulting +44(0)20 3727 1000

Richard Sunderland stenprop@fticonsulting.com

Richard Gotla

Indraneel Bose

Java Capital +27 (0)11 722 3050

(JSE Sponsor)

About Stenprop:

Stenprop is a UK REIT listed on the LSE and the JSE. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to stenprop.com.