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