Notice of AGM

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP JSE share code: STP

ISIN: GG00BFWMR296

("Stenprop" or the "Company")

POSTING OF NOTICE OF ANNUAL GENERAL MEETING

31 July 2019

Shareholders are advised that Stenprop's notice of annual general meeting (the "Notice") has been dispatched to shareholders today, Wednesday, 31 July 2019.

The annual general meeting of the Company will be held at 180 Great Portland Street, London W1W 5QZ on Thursday, 19 September 2019 at 9:00 a.m. BST / 10:00 a.m. SAST. The Notice is also available on the Company's website: https://stenprop.com/investors/circulars-and-notices/.

The record date on which shareholders must be recorded in the Company's share register in order to attend and vote at the meeting is Friday, 13 September 2018 by 5.00 p.m. BST / 6.00 p.m. SAST.

For further information:

Stenprop Limited +44(0)20 3918 6600

Paul Arenson

Julian Carey

James Beaumont

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

Hugh Jonathan

Vicki Paine

Tavistock (PR Adviser) +44(0)20 7920 3150

James Whitmore

James Verstringhe

Charlotte Dale

Java Capital +27 (0)11 722 3050

(JSE sponsor)

About Stenprop:

Stenprop is a Guernsey-registered UK REIT. 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 www.stenprop.com.