Acceptance by Directors of Shares Awarded in terms of the Stor-Age Conditional Share Plan 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 STOR-AGE CONDITIONAL SHARE PLAN In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Stor-Age shareholders are advised that the Company has made the following awards of Performance Shares in terms of the Stor-Age Property REIT Limited Conditional Share Plan (“CSP”): Name of director G M Lucas Type of director Executive Nature of transaction Off-market acceptance of Performance Shares awarded in terms of the CSP Date of award 22 December 2020 Date of acceptance of award 22 December 2020 Number of Performance Shares awarded 381 388 Award value per share R13.00 Total value of award R4 958 044 Vesting date 15 September 2023* Nature of interest Direct beneficial Name of director S C Lucas Type of director Executive Nature of transaction Off-market acceptance of Performance Shares awarded in terms of the CSP Date of award 22 December 2020 Date of acceptance of award 22 December 2020 Number of Performance Shares awarded 381 388 Award value per share R13.00 Total value of award R4 958 044 Vesting date 15 September 2023* Nature of interest Direct beneficial Name of director S J Horton Type of director Executive Nature of transaction Off-market acceptance of Performance Shares awarded in terms of the CSP Date of award 22 December 2020 Date of acceptance of award 22 December 2020 Number of Performance Shares awarded 381 388 Award value per share R13.00 Total value of award R4 958 044 Vesting date 15 September 2023* Nature of interest Direct beneficial *NOTE: This assumes the Performance Conditions have been deemed satisfied by the Remuneration Committee. If not deemed satisfied by 15 September 2023, then the vesting date will be the date upon which this is finalised by the Remuneration Committee. Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements. Claremont 22 December 2020 Sponsor Investec Bank Limited Date: 22-12-2020 09:55:00 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.