STENPROP LIMITED - Results of annual general meeting

Results of annual general meeting

STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP  JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")


RESULTS OF ANNUAL GENERAL MEETING


20 September 2019


Shareholders are advised that at the annual general meeting of shareholders held on Thursday, 19 September 2019 (in terms of
the notice of annual general meeting dispatched to shareholders on Wednesday, 31 July 2019), resolutions 1 to 13 were passed
as ordinary resolutions, and resolutions 14 and 16 were passed as extraordinary resolutions.

Details of the results of voting at the annual general meeting are as follows:

    -    total number of Stenprop shares that could have been voted at the annual general meeting: 282,945,135; and
    -    total number of Stenprop shares that were voted in person or by proxy at the annual general meeting: 93,187,630
         (being 32.93% of the total number of shares that could have been voted at the meeting).

Ordinary resolutions

Resolution 1: To receive the directors' and auditor's reports and the audited financial statements of the Company for the
year ended 31 March 2019

Shares voted*         For                             Against                     Abstentions^
93 187 630                      93 187 630, being 100%          -                           84 573, being 0.03%

Resolution 2: To approve the directors' remuneration policy

Shares voted*                   For                             Against                     Abstentions^
91 744 016                      79 032 447, being 86.14%        12 711 569, being 13.86%    1 528 187, being 0.51%

Resolution 3: To approve the directors' remuneration implementation report

Shares voted*                   For                             Against                     Abstentions^
91 744 016                      79 032 447, being 86.14%        12 711 569, being 13.86%    1 528 187, being 0.51%

Resolution 4: To confirm the appointment of James Edward Day Beaumont as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
93 187 630                      93 187 630, being 100%          -                           84 573, being 0.03%

Resolution 5: To re-elect Patricia Anne Watson as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
72 907 747                      64 081 500, being 87.89%        8 826 247, being 12.11%     20 364 456, being 6.82%

Resolution 6: To re-elect Richard John Grant as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
93 187 630                      93 161 409, being 99.97%        26 221, being 0.03%         84 573, being 0.03%

Resolution 7: To re-elect Paul Maurice Arenson as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
93 187 630                      93 187 630, being 100%          -                           84 573, being 0.03%

Resolution 8: To re-elect Julian Roger Carey as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
93 187 630                      93 187 630, being 100%          -                           84 573, being 0.03%

Resolution 9: To re-elect Philip John Holland as a director of the Company

Shares voted*                   For            Against                     Abstentions^
93 187 630                      93 161 409, being 99.97%        26 221, being 0.03%         84 573, being 0.03%

Resolution 10: To re-elect Paul Gerome Miller as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
72 907 738                      65 264 465, being 89.52%        7 643 273, being 10.48%     20 364 456, being 6.82%

Resolution 11: To re-elect Warren Gayer Lawlor as a director of the Company

Shares voted*                   For                             Against                     Abstentions^
72 907 747                      64 055 279, being 87.86%        8 852 468, being 12.14%     20 364 456, being 6.82%

Resolution 12: To reappoint Deloitte LLP as auditors of the Company

Shares voted*                   For                             Against                     Abstentions^
93 187 630                      93 023 812, being 99.82%        163 818, being 0.18%        84 573, being 0.03%

Resolution 13: To authorise the Directors to fix the remuneration of the auditors

Shares voted*                   For                             Against                     Abstentions^
93 187 630                      93 187 630, being 100%          -                           84 573, being 0.03%

Extraordinary resolutions

Resolution 14: To authorise the Company to issue, or sell from treasury, equity securities for cash in accordance with the
terms of Resolution 14

Shares voted*                  For                              Against                 Abstentions^
93 151 781                     80 679 858, being 86.61%         12 471 923, being 13.39%    120 422, being 0.04%

Resolution 15: To authorise the Company to issue or sell from treasury, equity securities for cash in accordance with
the terms of Resolution 15

Shares voted*                  For                              Against                     Abstentions^
93 151 781                     62 118 421, being 66.69%         31 033 360, being 33.31%    120 422, being 0.04%

Resolution 16: To authorise the Company by way of a general authority to make market acquisitions of the Company's
ordinary shares in accordance with the terms of Resolution 16

Shares voted*                  For                              Against                     Abstentions^
93 151 281                     93 096 817, being 99.94%         54 464, being 0.06%         119 922, being 0.04%
* shares voted in relation to total shares in issue
^ in relation to total shares in issue, being 298 775 175.

For further information:

Stenprop Limited
Paul Arenson                                                          +44(0)20 3918 6600
Julian Carey
James Beaumont

Numis Securities Limited (Financial Adviser)
                                                                      +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine

JSE Sponsor                                                          + 27 (0) 11 722 3050
Java Capital Trustees and Sponsors Proprietary Limited

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.

Date: 20/09/2019 04:45:00
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