STOR-AGE PROPERTY REIT LIMITED - Dealings in Securities by Directors

Dealings in Securities by Directors

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")


DEALINGS IN SECURITIES BY DIRECTORS

Executive Directors                    :     Gavin Lucas ("GL")
                                             Steven Horton ("SH")
                                             Stephen Lucas ("SL")

Company                                :     Stor-Age

Date of transactions                   :     25 November 2024

Nature of transactions                       Renegotiation of an off-market loan facility agreement ("loan
                                             facility") of R58 500 000 entered into with Investec Bank
                                             Limited, as disclosed in note 27.3 of the Company's annual
                                             financial statements for the year ended 31 March 2024, and
                                             which expires on 28 November 2024. The loan facility, with
                                             Stor-Age Property Holdings (Pty) Limited ("SPH"), has now
                                             been reduced to R30 500 000 ("Transaction 1") and a new
                                             facility of R28 050 500 with Castle Rock Investments (Pty)
                                             Limited ("CRI") has been concluded ("Transaction 2").


Transaction 1                                The loan facility has a 36-month term, bears interest at the
                                             prime overdraft rate less 0.75% and is secured by the pledge
                                             of 8 031 841 Stor-Age ordinary shares held by SPH and the
                                             Stor-Age Property Holdings Trust (the "Trust").

                                             GL, SH and SL are ultimate beneficiaries of SPH and the
                                             Trust.

                                             The outstanding balance on the loan facility at the date of
                                             this announcement is R23 688 564.36

Class of securities                    :     Ordinary shares

Number of shares pledged               :     8 031 841

Deemed value of pledged shares         :     R124 493 536*

Value of loan facility                 :     R30 500 000

Nature of interest                     :     Indirect beneficial

Clearance obtained                     :     Yes


 Transaction 2                               The loan facility has a 36-month term, bears interest at the
                                             prime overdraft rate less 0.75% and is secured by the pledge
                                             of 7 399 998 Stor-Age ordinary shares held by CRI.

                                             GL and SL are ultimate beneficiaries of CRI.

 Class of securities                   :     Ordinary shares

 Number of shares pledged              :     7 399 998

 Deemed value of pledged shares        :     R114 699 969*

 Value of loan facility                :     R28 050 500

 Nature of interest                    :     Indirect beneficial

 Clearance obtained                    :     Yes


*Based on the closing price of Stor-Age shares on 26 November 2024, being R15.50 per share


Cape Town
27 November 2024

Equity Sponsor
Investec Bank Limited

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

Date: 27-11-2024 10:30:00
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