Sirius Real Estate Regulatory News (SRE)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. IT IS NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. INVESTORS SHOULD NOT PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS TO BE PUBLISHED BY SIRIUS REAL ESTATE LIMITED IN CONNECTION WITH THE PROPOSED MOVE TO THE MAIN MARKET.

2 February 2017

Sirius Real Estate Limited

("Sirius Real Estate" or the "Company")

Completes Acquisitions in Krefeld and Dreieich for €7.5 million

Sirius Real Estate, a leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce the completion of the acquisition of Krefeld Business Park and an office building in Dreieich for a combined total consideration of €7.5 million (including acquisition costs).

In October 2016, the Group notarised the purchase of Krefeld Business Park for a total consideration of €2.9 million, representing a 13.1% EPRA net initial yield (equating to €457 per sqm of capital value). The property is a single let business park totalling 6,335 square metres of office and warehouse space. Currently the site is producing annualised income of €0.4 million and the sole tenant will be conducting a staged exit over the next 14 months creating an opportunity to re-let the site at a higher rate over a longer term.

In November 2016, the Group notarised the purchase of an office building located in Dreieich for a total consideration of €4.6 million. The site contains significant under-utilised and vacant space which represents an excellent development opportunity. It is being acquired on a 0.9% EPRA net initial yield (equating to €355 per sqm of capital value).

As previously announced, the Company is in the process of moving to the main markets of the London Stock Exchange ("LSE") and the Johannesburg Stock Exchange ("JSE"). Due to the earlier than expected completion of these transactions, the publication of the prospectus will be slightly later than previously announced. This delay is not expected to impact the admission date of 6 March 2017. We will update the market as soon as practicable following the prospectus being published.

Andrew Coombs, Chief Executive Officer, said, "We moved quickly to complete these two opportunistic acquisitions which we have bought without bank financing and now have the opportunity to significantly increase the rental income from them both. We are also continuing to make good progress elsewhere on our acquisition and disposal programme and remain on track to move up to the main markets of the LSE and JSE."

Enquiries:

Sirius Real Estate +49 (0)30 285010110

Andrew Coombs, CEO

Alistair Marks, CFO

Peel Hunt +44 (0)20 7418 8900

Capel Irwin

Edward Fox

Canaccord Genuity Limited +44 (0)20 7523 8000

Bruce Garrow

Chris Connors

JSE Sponsor: PSG Capital +27 (0)21 887 9602

David Tosi

Willie Honeyball

Novella +44 (0)20 3151 7008

Tim Robertson

Toby Andrews