SIRIUS REAL ESTATE LIMITED - Sirius Real Estate Ltd New 300MM Exp. 7yr Senior Bond Mandate

Sirius Real Estate Ltd – New €300MM Exp. 7yr Senior Bond Mandate

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54

15 November 2021

                                      Sirius Real Estate Limited
                                    (“Sirius” or the “Company”)
             Sirius Real Estate Ltd – New €300MM exp. 7yr Senior Bond Mandate

Sirius Real Estate Limited (rated BBB (Stable) by Fitch / Ticker: SRELN), a leading operator of branded
business parks providing conventional and flexible workspace, focused on the German SME market,
has mandated Deutsche Bank, HSBC and Morgan Stanley as Joint Bookrunners to arrange a series of
fixed-income investor calls today. A NetRoadshow presentation (including voiceover) will be made
available at www.netroadshow.com (Marketing: www.netroadshow.com/nrs/home/#!/?show=fbd3f515
(Recommended) / Passcode: GoldenLeaf39). Morgan Stanley is coordinating logistics.

A €300MM exp. Reg S, fixed-rate, senior unsecured 7-year bond transaction may follow, subject to
market conditions. The notes are expected to be rated BBB by Fitch. The proceeds of the potential
bond offering will be used to partially finance the acquisition of BizSpace, refinance existing secured
debt and general corporate purposes.

Relevant stabilisation regulations including FCA/ICMA will apply. Manufacturer target market (MIFID
II and UK MIFIR product governance) is eligible counterparties and professional clients only (all
distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared
as not available to retail in the EEA or in the UK.

Sirius Real Estate Limited investor call representatives:
Alistair Marks – Chief Financial Officer
Kremena Wissel – Chief Marketing and Impact Officer
BizSpace investor call representatives:
John Spencer – Chief Executive Officer

This announcement is directed only at persons (i) outside the United Kingdom; (ii) that have
professional experience in matters relating to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); (iii) falling within
Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order or
(iv) to whom this announcement may otherwise be directed without contravention of Section 21 of
the Financial Services and Markets Act 2000 (all such persons together being referred to as “relevant
persons”). This announcement must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this announcement relates is available only
to relevant persons and will be engaged in only with relevant persons.

In member states of the European Economic Area, this announcement is directed only at persons who
are “qualified investors” (as defined in Regulation (EU) 2017/1129).

This announcement does not constitute or form a part of any offer or solicitation to purchase or
subscribe for securities in the United States or in any other jurisdiction where it is unlawful to do so.
The securities to which this announcement relates have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory
authority of any state of the United States or other jurisdiction and may not be offered, sold, pledged
or otherwise transferred in the United States or to, or for the account or benefit of, U.S. persons (as
such term is defined in Regulation S under the Securities Act), except pursuant to registration or an
exemption from the registration requirements of the Securities Act and in compliance with any
applicable state securities laws.

A rating is not a recommendation to buy, sell or hold securities and may be subject to revision,
suspension or withdrawal at any time by the assigning rating organisation.

NOTES TO EDITORS
About Sirius Real Estate Limited
Sirius is a property company listed on the main market and premium segment of the London Stock
Exchange and the main board of the JSE. It is a leading operator of branded business parks providing
conventional space and flexible workspace in Germany. The Company's purpose is to create and
manage optimal workspaces that empower small and medium-sized businesses to grow, evolve and
thrive. Sirius seeks to unlock the potential of its people, its properties, and the communities in which
it operates, so that together we can create sustainable impact, and long-term financial and social
value.

The Company's core strategy is the acquisition of business parks at attractive yields, the integration of
these business parks into its network of sites under the Company's own name as well as offering a
range of branded products within those sites, and the reconfiguration and upgrade of existing and
vacant space to appeal to the local market, through intensive asset management and investment. The
Company's strategy aims to deliver attractive returns for shareholders by increasing rental income and
improving cost recoveries and capital values, as well as by enhancing those returns through financing
its assets on favourable terms. Once sites are mature and net income and values have been optimised,
the Company may take the opportunity to refinance the sites to release capital for investment in new
sites or consider the disposal of sites in order to recycle equity into assets which present greater
opportunity for the asset management skills of the Company's team.

Sirius also has a venture with clients represented by AXA IM Alts. Titanium was formed through the
acquisition by AXA IM Alts, on behalf of its clients, from Sirius, of a 65% stake in five business parks
across Germany. Sirius retained the remaining 35%. The venture seeks to grow primarily through the
acquisition of larger stabilised business park assets and portfolios of assets with strong tenant profiles
and occupancy. As well as its equity interest, Sirius acts as operator of the assets in the venture, on a
fee basis. Sirius will continue to grow its wholly owned portfolio through acquisitions of more
opportunistic assets, where it can capitalise on its asset management expertise to maximise utilisation
of the space, grow occupancy and improve quality of the tenants. The strategies have been clearly
defined so that the venture does not conflict with Sirius’s existing business.

For more information, please visit: www.sirius-real-estate.com
Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/
Follow us on Twitter at @SiriusRE

JSE Sponsor
PSG Capital

Date: 15-11-2021 01:30:00
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