STENPROP LIMITED - UPDATE ON PROPOSED LONDON LISTING

Hamilton, Bermuda:  22 January 2018 –In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) announced an update on proposed London Listing. The full filing stated:

Shareholders are referred to previous communications, including the Half Yearly Report 2017 published on 23 November 2017, wherein shareholders were informed that Stenprop is investigating listing on the Specialist Fund Segment (“SFS”) of the London Stock Exchange (“LSE”).

To assist in implementing the proposed London listing, Stenprop is pleased to announce the appointment of Numis Securities Limited to act as the Company's broker. Numis Securities will be acting as financial adviser on the proposed move from the Bermuda Stock Exchange to the SFS of the LSE. Stenprop expects the proposed London listing to occur following the publication of the Company’s annual results in the first half of June 2018. The Company will retain its primary listing on the Johannesburg Stock Exchange (“JSE”).

22 January 2018

JSE sponsor

JAVA CAPITAL

Bermuda Stock Exchange sponsor

Estera Securities (Bermuda) Limited