Transaction in Own Shares

STENPROP LIMITED

(Registered in Guernsey)

(Registration number 64865)

LSE share code: STP JSE share code: STP

ISIN: GG00BFWMR296

("Stenprop" or the "Company")

TRANSACTION IN OWN SHARES

20 August 2020

Further to the announcement published on 3 July 2020 informing shareholders that the Company intended to repurchase shares to mitigate the dilutive effect of the scrip dividend election, shareholders are advised that on 19 August 2020, the Company purchased 555,733 ordinary shares at 117 pence per share. These shares will be held as treasury shares.

Following the above transaction, the total number of treasury shares held by the Company is 13,371,423 ordinary shares and the total number of shares in issue less shares held in treasury is 285,403,752 ordinary shares. From 19 August 2020, the total number of voting rights in the Company is 285,403,752.

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 Trustees and Sponsors Proprietary Limited +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.