Sirius Real Estate Regulatory News (SRE)

Sirius Real Estate Limited

("Sirius" or "the Company")

€5 million 5% convertible loan notes due 2018

Further to yesterday's Pre Close Trading Update, Sirius, is pleased to announce the issue of €5 million convertible loan notes due 2018 (the "Loan Notes"). The Loan Notes have been issued at par and will carry a coupon rate of 5% per annum. The Loan Notes are convertible into ordinary shares of Sirius at the conversion price of €0.24 from 21 March 2014.

The majority of the proceeds from the issue of the Loan Notes will be used to reduce debt levels and form part of the on-going discussion with existing banks to refinance debt facilities.

The entire issue of €5 million has been taken up by the Karoo Investment Funds I & II, 24.99% shareholders in Sirius, and therefore this issue is a related party transaction for the purposes of the AIM Rules for Companies. The Directors of Sirius consider, having consulted with its Nomad, that the terms of this transaction are fair and reasonable insofar as its shareholders are concerned.

Enquiries:

Sirius

Andrew Coombs +49 (0) 30 285010110

Alistair Marks

Peel Hunt - Nomad

Capel Irwin +44 (0)20 7418 8900

Alex Vaughan

Cardew Group

Shan Shan Willenbrock +44 (0)20 7930 0777

Georgina Hall