Sirius Real Estate Regulatory News (SRE)

Sirius Real Estate Limited

Directorate Change

Following on from the announcement on 15 July 2011, Sirius Real Estate Limited ("Sirius") is pleased to announce the appointments of Ian Clarke, Rolf Elgeti, Shelagh Mason, Eitan Milgram, Charles Parkinson and Amanda Spring as Non-Executive Directors with immediate effect.

Ian Clarke has over 20 years experience in the finance industry in Guernsey including wealth management, the administration of international trusts, corporate entities and regulated funds. Most recently the managing director of a fund administrator in Guernsey he has sat on the boards of several funds, some of which have been listed on recognised Stock Exchanges.

Rolf Elgeti is currently chief executive of TAG Immobilien AG, a German listed real estate group with ca €2 billion of assets under management and non-executive chairman of Treveria plc, the German retail focused real estate company. He previously worked in various banking roles at UBS, Commerzbank Securities and ABN Amro. Mr Elgeti graduated with an MBA from the University of Mannheim, Germany, and received an MBA from ESSEC, Paris, in 1999.

Shelagh Mason is a resident of Guernsey. She is an English property solicitor with over 25 years experience in commercial property. She is currently a partner in Spicer and Partners Guernsey LLP specialising in English commercial property She holds numerous positions on boards as non-executive director, as well as being a past Chairman of the Guernsey Branch of the Institute of Directors and a member of the Chamber of Commerce and the Guernsey International Legal Association.

Eitan Milgram is a Portfolio Manager and Executive Vice President at Weiss Asset Management, where he has worked for the last 11 years. He graduated summa cum laude from Boston University where he won the Prize for Excellence in Economics. Eitan has served on the board of directors of 13 publicly listed companies, advising a number of businesses on corporate restructurings.

Charles Parkinson is the Minister of the Treasury & Resources Department for the States of Guernsey. After graduating from Cambridge he qualified as a Chartered Accountant and was then called to the Bar in London. He was an executive in the Corporate Finance division of Morgan Grenfell (now Deutsche Bank) before returning to Guernsey. He holds several non-executive directorships in investment and property companies, as well as chairing AIM listed Eastern European Property Fund.

Amanda Spring is based in Budapest, Hungary and has a wealth of experience in the multi-let sector having previously been Director of Central Europe at TeeslandiOG and prior to that having responsibility for the asset management of their mainland Europe funds. Prior to this she was Managing Director of DTZ's Moscow office.

Robert Sinclair, Chairman of Sirius, said: "I would like to welcome the new Directors to the Board. As a result, the Company has retained the correct Board composition to retain its current tax, residency and regulatory structure and also has greater representation from key shareholders on the Board. Collectively their wealth of experience will be extremely valuable in this period of transition for Sirius." 

Enquiries:

Sirius

Robert Sinclair 01481 729 466

Peel Hunt LLP 020 7418 8900

Capel Irwin

Alex Vaughan

Cardew Group 020 7930 0777

Tim Robertson

The following information is disclosed in relation to Schedule Two paragraph (g) of the AIM Rules:

Ian Geoffrey Clarke (aged 45) is currently a director or partner of the following:

Bambuk Minerals Limited

Bibby Ship Management Services Limited

Flow East Growth Markets Fund

Flow East Limited

Flow Fund Limited

GMS Guernsey Pension Plans Limited

Jermyn Pte Limited

North Eastern Resources Limited

North Eastern Resources (Holdings) Limited

Pichard Holdings Limited

Sirius Investment Management (GP) Limited

Tintoretto Limited

Toro Gold Gabon Limited

Ian Clarke was a director or partner of the following in the last five years:

Arcturus Downs Limited

Banstead Investments Limited

Bavaro Holdings Limited

Bodycote Testing (Cayman) Limited

Bonito Limited

Bronzescreen Limited

Churston Limited

Commercial Leasing & International Consultancy Limited

Conford Investments Limited

CPC No 6 Limited

Da Vinci Capital Management Limited

Exova Warringtonfire (Guernsey) Limited

Gill-Saw Farm Limited

Gretna Limited

Grisedale Investments Limited

Intercomar Investments Inc

Intertrust Fund Services (Guernsey) Limited

Iris Holding Co Inc

Mare Nostrum Capital Managers Limited

Mayal Trading Limited

Medicen Limited

Meterhill (Guernsey) Limited

N.M.V. Holidngs S.A.

New Europe Property Holdings Ltd

Owl Forest Limited

Southern Beach Cove Inc

The London Central Portfolio Property Fund Limited

The London Central Residential Recovery Fund Limited

Titanium Investments Limited

Toller Limited

Tungsten International Limited

Turavia Holdings Limited

Turquoise Properties Limited

Volcada Limited

Ampurius Nu Homes Enterprises Limited

Armstrong PCC Limited

Astride Holdings Limited

Athos Group Limited

Bajan Limited

BGL Reads Trust Company Limited

BGL Trustees Limited

Brookneal Ventures Limited

Brunswick Films (Bermuda) Limited

Bryanna Holdings Limited

Bryanna Properties Limited

Burkinshaw Properties Limited

C.M.S. Limited

Channel Corporate Services Limited

Chatsworth Capital Limited

Chepstow Properties Limited

Clonea Holdings Limited

Cosign Limited

Cosign Nominees Limited

Cosign Services Limited

Europe by Net Limited

First Tower Trustees Limited

Flashlight Limited

FRIM Services Limited

Geldero Limited

Holme Head Limited

Holme Head Limited

Intertrust International Management Limited

Intertrust Management (Guernsey) Limited

Intertrust Management Limited

Intertrust Services Limited

Intertrust Trustees (Guernsey) Limited

Intertrust Trustees Limited

JSH Services Limited

Kensington Trading Limited

Lambertine Developments Inc

Lexus Services Limited

Linika Limited

Macizo Investments Limited

Martello Court Trustees Limited

Marwyn General Partners Ltd

Marwyn Neptune Fund

Marwyn Value Investors Limited

Mill Hill Properties Ltd

MPR Trust Company Limited

NEPH (Elblag) Sarl

New Europe Property Holdings (Luxembourg) Sarl

Otley Limited

Pennyhill International Inc

Port Island International Corporation

Porthos Group Limited

Porthos Group Limited

Primrose Developments Limited

Pritchards Secretarial Services Limited

Pritchards Trustees Limited

Probus Reads Trust Company Limited

Rosenthal Properties Limited

Shelfco 725 Limited

Sienna Enterprise S.A.

Sperry Holdings Inc

Spread Nominees Limited

Spread Services Limited

Spread Trustee Company Limited

St Peter Port Capital Limited

St Peter Port Investments Management Limited

Stocksfield Limited

Stocksfield Limited

Violet Developments Limited

Winnedael Limited

Amiri Sandbanks No 1 Fund

Brenstreet Holdings Inc

Buchel Limited

Clifford Enterprises Limited

Colebert Trading Limited

Globaldrive (Germany) II Limited

Globaldrive (Germany) III Limited

Globaldrive (Germany) IV Limited

Globaldrive (Germany) Limited

Lotus Trust Company Limited

Macopana Limited

Marvern Limited

Novell Professional Services (Russia) Limited

Old Masters Inc

Portego Capital Limited

Prisim Services Limited

Sealgair Limited

Serein Investments Limited

Shannon Consultants Limited

Rolf Elgeti (aged 34) is currently a director or partner of the following:

TAG AG

Bauverein zu Hamburg AG

Colonia Real Estate AG

Treveria plc

Rolf Elgeti was a director or partner of the following in the last five years:

EAA Ltd.

GAG AG

Shelagh Yvonne Mason (aged 51) is currently a director or partner of the following:

ARSY Holdings Limited

MedicX Fund Limited

PFB Data Centre Fund

Standard Life Investments Property Holdings Limited

Standard Life Investments Property Income Trust Limited

Third Point Independent Voting Company Ltd

G.Res 1 Limited

Channel Islands Property Fund Limited

Leadenhall Property Co (Jersey) Limited

Spicer & Partners Guernsey LLP

Shelagh Yvonne Mason was a director or partner of the following in the last five years:

PFB Regional Office Fund

Ptarmigan Property Limited

Wood Works Limited

Sage Bhartiya Infrastructure Fund IC Ltd

Ptarmigan property II Limited

PFB Strategic Land Opportunity Fund Limited

Atlas Estates Limited

Safehaven Property Investment Company Limited

Quercus PCC Limited

New River Retail Limited

Mason & Co

Shelagh Mason was formerly a director of PFB Regional Office Fund Limited which was put into liquidation on 14 July 2009, from which date Shelagh Mason ceased to be a director.

Eitan Milgram (aged 32) is currently a director or partner of the following:

Treveria plc

The Ottoman Fund Limited

Indochina Capital Vietnam Holdings Limited

Marwyn Value Investors Ltd.

Clean Energy Brazil PLC

Eitan Milgram was a director or partner of the following in the last five years:

C.A. Bancorp Inc.

Premier UK Dual Return Trust

Acorn Income Fund Limited

Funds managed by Weiss Asset Management LP, Eitan's employer, hold 12.8% of the issued share capital of the Company.

Charles Nigel Kennedy Parkinson (aged 57) is currently a director or partner of the following:

Bailiwick Investments Ltd

Burford Capital Ltd

Dexion Equity Alternative Ltd

Eastern European Property Fund Ltd

Mapeley Ltd

Charles Parkinson was a director or partner of the following in the last five years:

Cabernet Ltd

M&G Income Investment Co Ltd

The Advantage Property Income Trust Ltd

Amanda Spring (aged 40) is currently a director or partner of the following:

Celtic Property Developments kft

Celtic Trade Park kft

Budadogs Dog Rescue not for profit kft

Sweetinvest Trading and Investments Ltd

Horseguards kft

Amanda Spring was a director or partner of the following in the last five years:

Gaura Investments s.p zoo

IOG TKB Park Property Management kft

IOG M0 Park kft

IOG Business Park kft

IOG Innovations Park Property Management kft

Delta Raktar Ingatlen kft

IOG Home Park Property kft

Vilati Ingatlen kft

Agroker Eger kft

IOG Industrial Park kft

Sopianne Ingatlan kft

ASPC Domnesti Business Park SRL

IOG Park 1 Property Management kft

IOG Park 2 Property Management kft

IOG Park 3 Property Management kft

IOG Park 4 Property Management kft

7UTC sro

Sanitas Business Park a.s.

IOG Sanitas Management sro

IOG Libus Management sro

Colby Investments sp zoo

Darla Investments sp zoo

Metropole Industrial Park sp zoo

CEIF Warsaw Investments sp zoo

UTC Business Park sro