Sirius Real Estate Regulatory News (SRE)

2 Dec 2010 14:02

SIRIUS REAL ESTATE LIMITED(Registered in Guernsey - Number 46442)Registered Office:Martello Court, Admiral Park, St Peter Port, Guernsey, GY1 3HBTelephone: +44 1481 211 000Facsimile: +44 1481 211 001Email: fundscosec@intertrustgroup.com

For Immediate Release

SIRIUS REAL ESTATE LIMITED

(a Company incorporated in Guernsey)

TR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

SIRIUS REAL ESTATE LIMITED

2. Reason for the Notification State YES or NO An acquisition or disposal of voting YES rights: An acquisition or disposal of financial NO instruments which may result in the acquisition of shares already issued to which voting rights are attached: An event changing the breakdown of voting NO rights: Other (please specify): NO 3. Full name of person(s) subject to the Weiss Asset Management LP notification obligation: 4. Full name of shareholder(s) (if different Brookdale International from 3 above): Partners, LP; Brookdale Global Opportunity Fund 5. Date of the transaction (and date on which 29 November 2010 the threshold is crossed or reached if different): 6. Date on which issuer notified: 1 December 2010 7. Threshold(s) that is/are crossed or < 30%, 25%, 20%, 15% reached: 8. Notified details:

A: Voting Rights attached to Shares

Class/type Situation previous to Resulting situation after the triggering of shares if the triggering transaction possible transaction using the ISIN CODE Number of Number of Number of Number of Voting % of Voting Shares Voting Shares Rights Rights Rights Direct Indirect Direct Indirect

GG00B1W3VF54 78,533,804 78,533,804 43,533,804 43,533,804 N/A 14.4% N/A

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Date Exercise/ Number of % of Voting Financial Conversion Voting Rights Rights Instrument Period/Date that may be acquired if the instrument is exercised/ converted

C. Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of Exercise Expiration Execise/ Number of Voting % of Voting Financial Price Date rights Rights Converstion instrument Instrument Period refers to Nominal Delta TOTAL (A + B+C) Number of Voting Rights % of Voting Rights 43,533,804 14.4%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Brookdale International Partners, LP 10.0%

Brookdale Global Opportunity Fund 4.4%

PROXY VOTING

10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will N/A cease to hold: 12. Date on which proxy holder will cease to N/A hold voting rights: 13. Additional information N/A 14. Contact name: Georgiy Nikitin 15. Contact telephone number: +1-617-778-7725

ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARES

A: Identity of the person or legal entity subject to the notification obligations

Full Name (including legal form for legal

entities):Contact Address:Telephone Number:

Other Useful Information (at least legal

Representative for legal persons):

B: Identity of the notifier, if applicable

Full Name:Contact Address:Telephone Number:

Other Useful Information (e.g. functional

relationship with the person or legal entity

subject to the notification obligation):

C: Additional InformationEnquiries:Intertrust Fund Services (Guernsey) LimitedCompany SecretaryMartello CourtAdmiral ParkSt Peter PortGuernseyTelephone: 01481 211000Facsimile: 01481 211001