STOR-AGE PROPERTY REIT LIMITED - Acceptance by Directors of Shares Awarded in terms of the Company's Conditional Share Plan

Acceptance by Directors of Shares Awarded in terms of the Company's 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
Alpha code: SSSI
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

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements,
and paragraphs 6.45 to 6.48 of the Debt & Specialist Securities 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 Conditional Share Plan ("CSP"):

Executive director                :       S J Horton
Nature of transaction             :       Off-market acceptance of performance
                                          shares awarded in terms of the CSP
Class of securities               :       Ordinary shares
Date of award                     :       4 December 2024
Date of acceptance of award       :       5 December 2024
No. of Performance Shares awarded :       407 028
Award value per share             :       R15.41*
Total value of award              :       R6 272 301.48
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
Class of securities               :       Ordinary shares
Date of award                     :       4 December 2024
Date of acceptance of award       :       5 December 2024
No. of Performance Shares awarded :       407 028
Award value per share             :       R15.41*
Total value of award              :       R6 272 301.48
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
Class of securities               :       Ordinary shares
Date of award                     :       4 December 2024
Date of acceptance of award       :       5 December 2024
No. of Performance Shares awarded :       407 028
Award value per share             :       R15.41*
Total value of award              :       R6 272 301.48
Vesting date                      :       1 September 2026**
Nature of interest                :       Direct beneficial

*        Equal to the closing share price on 5 December 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.

Clearance to trade was obtained for all the above transactions.

Cape Town
6 December 2024

Equity Sponsor
Investec Bank Limited

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

Date: 06-12-2024 08:51:00
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.