STOR-AGE PROPERTY REIT LIMITED - Notice to Shareholders: Board Authorising Company to Provide Financial Assistance to Subsidiary Companies

Notice to Shareholders: Board Authorising Company to Provide Financial Assistance to Subsidiary Companies

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

NOTICE TO SHAREHOLDERS IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, 2008 (the "Act") 
OF RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS AUTHORISING THE COMPANY TO PROVIDE 
FINANCIAL ASSISTANCE TO SUBSIDIARY COMPANIES

Shareholders are reminded that, at the Annual General Meeting of Stor-Age shareholders
held on Thursday 5 September 2024, Special Resolution Number 2: General authority to
provide financial assistance to subsidiary companies, was passed by the requisite majority.

In accordance with section 45(5)(a) of the Act, notice is hereby given that the board of directors
of the Company ("Board") resolved on Thursday 5 September 2024, in principle, to provide
direct or indirect financial assistance to its wholly owned subsidiaries by way of loans,
guarantees, or securing loan facilities from time to time. Such assistance will, in aggregate,
exceed one-tenth of one percent of the Company's net worth at the date of adoption of the
resolution. The Company does not have any employees represented by a trade union.

In terms of section 45(3)(b) of the Act, the Board is satisfied that:

-  immediately after providing the aforementioned financial assistance, the Company
   would satisfy the solvency and liquidity test as set out in section 4 of the Act; and

-  the terms under which the financial assistance is proposed to be given under the
   resolution are fair and reasonable to the Company.


Cape Town
16 September 2024

Equity Sponsor
Investec Bank Limited

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 16-09-2024 05:21:00
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