Sirius Real Estate Regulatory News (SRE)

14 July 2010

An Open Letter to the Shareholders and Board of Directors of Sirius Real Estate Limited

Weiss notes today's decision by the Takeover Panel against Mr. Brian Myerson, a non-Executive Director of Sirius Real Estate Limited ("Sirius" or "the Company") in which the Panel ruled that Mr. Myerson is a person not likely to comply with the Code.

Mr. Myerson is also chairman of the Company's asset manager, Principle Capital Sirius Real Estate Asset Management Limited.

Weiss believes that it is inappropriate for Mr. Myerson to continue serving as a Director of Sirius given this ruling and asks that the Board of Directors call for Mr. Myerson's immediate resignation.

Full text of the decision is available via the Takeover Panel's website at:

http://www.thetakeoverappealboard.org.uk/downloads/2010-01.pdf