General Meeting - Posting of Circular

12 November 2018

Sirius Real Estate Limited

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

General Meeting - Posting of Circular

Sirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, has today published a circular convening a General Meeting seeking shareholder approval for a new Long-Term Incentive Plan and Remuneration Policy.

In the Directors' Remuneration Report for the year ended 31 March 2018, the Company set out its intention to seek approval for a new Long-Term Incentive Plan (the "2018 LTIP") for the Executive Directors and other key executives of the Company. The Remuneration Committee finalised these proposals in the summer and subsequently has conducted a consultation in respect of them with Sirius's largest shareholders and some major shareholder representative bodies.

Having taken into account the feedback and support received in the consultation process, the Company has today published a circular (the "Circular") convening a General Meeting of the Company seeking shareholder approval for the 2018 LTIP, as well as a new Remuneration Policy incorporating the 2018 LTIP. The resolution regarding the Remuneration Policy is a non-binding advisory vote only, in accordance with the Listings Requirements of the Johannesburg Stock Exchange.

The Circular contains further details on the background to, and the reasons for, the proposals. The Circular also contains a notice convening the General Meeting to be held at the offices of 33 St James' Square, London SW1Y 4JS at 10.00 am on Wednesday, 5 December 2018 ("Meeting").

The Circular contains a recommendation from the Board that shareholders vote in favour of the 2018 LTIP and the new Remuneration Policy. The rules of the 2018 LTIP and the new Remuneration Policy, together with the Circular, will be available for inspection at the Company's registered office, being Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, Guernsey, GY1 3EL, at PSG Capital's offices at 1st Floor, Ou Kollege Building, 35 Kerk Street, Stellenbosch, 7600 and at 2nd Floor Building 3, 11 Alice Lane, Sandhurst, Sandton, 2196 South Africa and at the offices of Deloitte LLP (Company Secretarial Department), 2 New St Square, London EC4A 3BZ.

The Circular, will also be available on the Company's website at www.sirius-real-estate.com. 

Members registered on the South African part of the register of members (the "SA Register") as of Friday, 30 November 2018 (the "SA Record Date") shall have the right to participate and vote at the Meeting. Accordingly, the last day to trade for shareholders on the SA Register in order to be able to participate and vote at the meeting is Tuesday, 27 November 2018. Any change to an entry on the SA Register after the SA Record Date shall be disregarded in determining the right of any person to attend and vote at the Meeting.

Members registered on the United Kingdom part of the register of members (the "UK Register") as of 6.00 p.m. (UK time) on Friday, 30 November 2018 (the "UK Record Time") shall have the right to participate and vote at the Meeting. Any change to an entry on the UK Register after the UK Record Time shall be disregarded in determining the right of any person to attend and vote at the Meeting.

In accordance with paragraph 9.6.1 of the FCA Listing Rules, these documents have also been submitted to the National Storage Mechanism, where they will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM

For further information:

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital