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”)

                 DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS

In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, the following
information is disclosed in respect of ordinary share dealings by the executive directors.

In October 2015, the Stor-Age Share Purchase and Option Scheme (the “Scheme”) was
approved and adopted. The purpose of the Scheme was to create ownership opportunities
for the executive directors and selected employees whereby they were offered the opportunity
to acquire Stor-Age shares (the “Scheme Shares”) by way of an interest-bearing loan.
Dividends received on the Scheme Shares were applied against the interest payable on the
loan. The maximum period for the repayment of the loans was ten years from the date of
issue. The Scheme was superseded by a Conditional Share Plan adopted by shareholders
in February 2019.

The executive directors have sought an orderly exit from the Scheme by disposing of Scheme
Shares from time-to-time to settle their loan obligations owing to the Company. For various
reasons, certain shareholders of the Company have expressed a preference for the Scheme
to be closed in its entirety and the loan obligations settled in full. In line with this, an
institutional shareholder of the Company made an offer to acquire shares held by the
executive directors which would achieve this objective.

Of the total shares sold, 6 451 624 related to Scheme Shares. The proceeds from the sale
are to be used to settle the outstanding loan obligations owing to Stor-Age in terms of the
Scheme. Following the sale, the executive directors will henceforth no longer hold any
Scheme Shares.

The executive directors’ shareholding in Stor-Age post the transactions below are as follows:

Executive director                             Number of shares held
Gavin Lucas                                    7 129 933
Stephen Lucas                                  7 520 897
Steven Horton                                  3 082 622

Executive director                             G M Lucas
Nature of transactions                         Off-market sale of shares, direct beneficial
Class of securities                            Ordinary shares
Date of transaction                            1 March 2024
Price per security (cents)                     1 400.00
Number of securities                           2 746 373
Total value                                    R38 449 222.00
Executive director                            S C Lucas
Nature of transactions                        Off-market sale of shares, direct beneficial
Class of securities                           Ordinary shares
Date of transaction                           1 March 2024
Price per security (cents)                    1 400.00
Number of securities                          2 058 156
Total value                                   R28 814 184.00

Executive director                            S J Horton
Nature of transactions                        Off-market sale of shares, direct beneficial
Class of securities                           Ordinary shares
Date of transaction                           1 March 2024
Price per security (cents)                    1 400.00
Number of securities                          2 610 271
Total value                                   R36 543 794.00

Clearance was obtained in respect of each transaction outlined above.

Cape Town
6 March 2024

Sponsor
Investec Bank Limited