Notification Of Major Interest In Shares
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are SIRIUS REAL ESTATE LIMITED
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying
financial instruments
An event changing the breakdown of voting rights
Other (please
specify):
3. Full name of person(s) subject to the KAROO INVESTMENT FUND SCA SICAV SIF
notification obligation: iii
4. Full name of shareholder(s) KAROO INVESTMENT FUND SCA SICAV SIF
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or 28 June 2016
reached: v
6. Date on which issuer notified: 28 June 2016
7. Threshold(s) that is/are crossed or
Below 3%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction
if possible using Number Number Number Number of voting % of voting rights x
the ISIN CODE of of of shares rights
Shares Voting Indirect
Direct Direct xi Direct Indirect
Rights xii
GG00B1W3VF54 63,339,123 63,339,123 11,245,979 11,245,979 1.35%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
xv, xvi
Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights xix,
instrument price date xvii Conversion instrument refers to xx
period xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
11,245,979 1.35%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
The Karoo Investment Fund returned 62,271,183 Sirius
13. Additional information: Real Estate Limited (the “Company”) shares to its
shareholders by way of a distribution-in-kind on 24 June
2016.
At the same time, the Fund converted the €5 million
convertible loan note issued by the Company held by the
Fund for 22,814,731 shares. On 28 June 2016 the Fund
sold 12 million shares.
14. Contact name: Charl Cloete at Clearance Capital LLP
15. Contact telephone number: +44 203 0027 685
Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in shares xxii
A: Identity of the persons or legal entity subject to the notification obligation
Full name
(including legal form of legal entities) KAROO INVESTMENT FUND SCA SICAV SIF
Contact address 20 BOULEVARD E. SERVAIS
(registered office for legal entities) L-2535 LUXEMBOURG
GRAND DUCHY OF LUXEMBOURG
Phone number & email
+44 203 0027685
ccloete@clearancecap.com
Other useful information
(at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name
Charl Cloete
Contact address Clearance Capital LLP
26 Throgmorton Street
London EC2N 2AN
Phone number & email
+44 203 0027685
ccloete@clearancecap.com
Other useful information
(e.g. functional relationship with the person or legal
entity subject to the notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FCA website.
29 June 2016
JSE Sponsor: PSG Capital Proprietary Limited
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