SIRIUS REAL ESTATE LIMITED - Update on Acquisitions and New Debt Facility

Update on Acquisitions and New Debt Facility

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
Share Code: SRE
ISIN Code: ISIN GG00B1W3VF54
("Sirius Real Estate" or the "Company")

                                                                                      7 September 2015

                            Update on Acquisitions and New Debt Facility

Sirius Real Estate, the leading operator of branded business parks providing conventional and
flexible workspace to the German market, is pleased to confirm that three of the five mixed-use
business parks being acquired (the "Acquisition Portfolio"), as announced on 04 June 2015, have
been completed and that the 2 remaining assets, Aachen and Cologne, are notarised and are
expected to be completed in October 2015. The completion dates are broadly in line with
expectations except Cologne which is now completing 2 months ahead of schedule.

The five assets in the Acquisition Portfolio will be acquired for a total purchase consideration of
€57.24m including acquisition costs and in aggregate will contribute €5.33m of annual rental
income, providing €4.64m of net operating income after deducting irrecoverable service charge and
landlord maintenance costs to the Company. The purchase of the Acquisition Portfolio is anticipated
to be partly funded by a 5-year debt facility secured against the Acquisition Portfolio, with an
expected margin of 1.25% over EURIBOR. Negotiations on this new debt facility are well advanced.

The Company is also pleased to announce that it has agreed a new 7-year €59m debt facility with
SEB AG to refinance the two existing Macquarie debt facilities. The interest rate on the SEB AG debt
facility has been fixed at 1.84% for the full 7 year term, lower than previously anticipated. This debt
facility will reduce the annualised interest cost of the Company by approximately €2.6m.

Andrew Coombs, Chief Executive Officer, said: “We are pleased with the progress being made at
Sirius so far this year. The acquisition of these five new sites coupled with the refinanced Macquarie
debt at a fixed seven year interest rate of 1.84% will have a significant impact on Sirius’s profitability
and funds from operations going forward. Across the wider portfolio, we are continuing to execute
our other organic growth initiatives and look forward to providing further updates of our progress.”

Enquiries:

Sirius Real Estate
Andrew Coombs, CEO                                                 +49 (0)30 285010110
Alistair Marks, CFO

Peel Hunt – Nomad and Joint Broker
Capel Irwin                                                        +44 (0)20 7418 8900
Hugh Preston

Canaccord Genuity Limited - Joint Broker
Bruce Garrow                                                       +44 (0)20 7523 8000
Chris Connors
Mark Whitmore
PSG Capital - Corporate Advisor and Sponsor
David Tosi                                    +27 (0)21 887 9602
Willie Honeyball

Novella
Tim Robertson                                 +44 (0)20 3151 7008
Ben Heath

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