Posting of Scrip Dividend Alternative Circular and Form of Election SIRIUS REAL ESTATE LIMITED (Incorporated in Guernsey) Company Number: 46442 Share Code: SRE ISIN Code: ISIN GG00B1W3VF54 (“Sirius Real Estate” or “the Company”) Sirius Real Estate is pleased to confirm that the Scrip Dividend Alternative Circular and Form of Election have today been posted to shareholders and are available on the Company's website. An overview timetable of events relating to the Scrip Dividend Alternative is set out below: For shareholders on the UK Register: Announcement of Dividend 22 May 2015 Despatch the Scrip Circular and Form of 29 May 2015 Election Announcement of scrip dividend reference 29 May 2015 price for the Scrip Dividend Shares released on RNS Last day to trade in order to be eligible for the 10 June 2015 cash dividend or alternatively the scrip dividend Shares commence trading ex the cash dividend 11 June 2015 or scrip dividend Record Date UK Shareholders 12 June 2015 Deadline by which election to receive the Scrip 5.00 p.m. (UK time) 26 June 2015 Dividend Shares must have been received by the Registrars (Election Return Date) Announcement on RNS of the amount of New 7 July 2015 Shares issued Despatch Scrip Dividend Share certificates, Final 9 July 2015 Dividend cheques and tax vouchers CREST Final Dividend and Scrip Dividend Share 10 July 2015 payment instructions released Admission of Scrip Dividend Shares to trading 10 July 2015 on AIM Final Dividend Payment Date 10 July 2015 For shareholders on the South African Register: Announcement of Dividend 22 May 2015 Despatch the Scrip Circular and Form of 29 May 2015 Election Announcement of Reference Price for the Scrip 29 May 2015 Dividend Shares and the Euro to Rand Conversion Rate released on SENS Last day to trade in order to be eligible for the 5 June 2015 cash dividend or alternatively the scrip dividend Shares commence trading ex the cash dividend 8 June 2015 or scrip dividend Record Date for SA Shareholders 12 June 2015 Deadline by which election to receive the Scrip 12.00 noon (South African time) 26 June 2015 Dividend Shares must have been received by the Transfer Secretaries (Election Return Date) Announcement on SENS of the number of New 7 July 2015 Shares issued CSDP/broker accounts credited and/or updated 10 July 2015 with the Final Dividend payment in cash and/or Scrip Dividend Shares Despatch Scrip Dividend Share certificates, Final 10 July 2015 Dividend cheques and tax vouchers Admission of Scrip Dividend Shares to trading 10 July 2015 on JSE Final Dividend Payment Date 10 July 2015 Enquiries: Sirius Real Estate Andrew Coombs, CEO +49 (0)30 285010110 Alistair Marks, CFO Peel Hunt Capel Irwin +44 (0)20 7418 8900 Hugh Preston PSG Capital David Tosi +27 (0)21 887 9602 Willie Honeyball Finncap Stuart Andrews +44 (0)20 7220 0500 Paul Harrington Novella Tim Robertson +44 (0)20 3151 7008 Ben Heath Guernsey 29 May 2015 Sponsor: PSG Capital Proprietary Limited Date: 29/05/2015 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.