STOR-AGE PROPERTY REIT LIMITED - Acceptance of Shares Awarded by Directors & Dealings by an Associate of a Director

Acceptance of Shares Awarded by Directors & Dealings by an Associate of a Director

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN: ZAE000208963
Approved as a REIT by the JSE
("Stor-Age" or the "Company")

ACCEPTANCE BY DIRECTORS OF SHARES AWARDED IN TERMS OF THE COMPANY'S CONDITIONAL SHARE PLAN & 
DEALINGS BY AN ASSOCIATE OF A DIRECTOR

1         Conditional Share Plan ("CSP") dealings

In compliance with the JSE Limited Listings Requirements, Stor-Age shareholders are
advised that the executive directors have accepted the following awards of Performance
Shares made in terms of the Stor-Age Property REIT Limited CSP:

Executive director                      : S J Horton
Nature of transaction                   : Off-market acceptance of Performance Shares
                                          awarded in terms of the CSP
Date of award                           : 19 March 2024
Date of acceptance of award             : 27 March 2024
No. of Performance Shares awarded       : 400 000
Award value per share                   : R13.42*
Total value of award                    : R5 368 000.00
Vesting date                            : 1 September 2026**
Nature of interest                      : Direct beneficial

Executive director                      : G M Lucas
Nature of transaction                   : Off-market acceptance of Performance Shares
                                          awarded in terms of the CSP
Date of award                           : 19 March 2024
Date of acceptance of award             : 27 March 2024
No. of Performance Shares awarded       : 400 000
Award value per share                   : R13.42*
Total value of award                    : R5 368 000.
Vesting date                            : 1 September 2026**
Nature of interest                      : Direct beneficial

Executive director                      : S C Lucas
Nature of transaction                   : Off-market acceptance of Performance Shares
                                          awarded in terms of the CSP
Date of award                           : 19 March 2024
Date of acceptance of award             : 27 March 2024
No. of Performance Shares awarded       : 400 000
Award value per share                   : R13.42*
Total value of award                    : R5 368 000.00
Vesting date                            : 1 September 2026**
Nature of interest                      : Direct beneficial


Clearance to trade was obtained for all the above transactions.
*        Equal to the closing share price on 26 March 2024.
**       The above assumes that the Performance Conditions have been deemed satisfied by the
         Stor-Age Remuneration Committee. If not deemed satisfied by 1 September 2026, then
         the vesting date will be the date upon which this is finalised by the Remuneration
         Committee.

2        Share dealings by an associate of a director

In compliance with the JSE Limited Listings Requirements the following Share dealings by an
associate of a director are advised to shareholders:

Name and position:                              Graham Blackshaw – Non-executive chairman
Associate and relationship with director        The Fairstore Trust (the director is a trustee and a
                                                discretionary beneficiary of the associate)
Nature of transaction:                          On market sale of shares by an associate pursuant
                                                to a process of portfolio rebalancing
Date of transaction:                            22 March 2024
Nature of interest                              Indirect beneficial
Number of shares sold:                          8 951
Price per share:                                R14.05
Total value:                                    R125 761.55

Clearance to trade was obtained for the above transaction.

Cape Town
27 March 2024


Sponsor
Investec Bank Limited

Date: 27-03-2024 09:19:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.