Notification Of Major Interest In Shares SIRIUS REAL ESTATE LIMITED (Incorporated in Guernsey) Company Number: 46442 Share Code: SRE ISIN Code: ISIN GG00B1W3VF54 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 Ltd attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): Yes An acquisition or disposal of voting rights (Dispos al) 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 Arctospark (Pty) Ltd notification obligation: iii 4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date on which the threshold is crossed or 15/03/2017 reached: v 6. Date on which issuer notified: 23/03/2017 7. Threshold(s) that is/are crossed or 6%,5%,4% and 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 Indirec Direct Direct xi Direct Indirect Rights t xii ISIN 58,743,03 58,743,03 20,000,00 GG00B1W3V 20,000,000 2.35%% 6 6 0 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiratio Exercise/ Number of voting % of voting instrument n Conversion Period rights that may be rights date xiii xiv 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 Expiratio Exercise/ Number of voting % of voting rights instrument price n date xvii Conversio rights instrument xix, xx n period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 20,000,000 2.35% 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: 13. Additional information: Percentage based on Issued Share Capital of 852,858,815 14. Contact name: MR LOUIS NORVAL 15. Contact telephone number: +44 7460 372 330 Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) Arctospark (Pty) Ltd Contact address 19th Floor, Newton Tower, Sir William Newton Street, (registered office for legal entities) Port Louis , Mauritius Phone number & email +230 405 9000 – Louis@h-stead.com Other useful information (at least legal representative for legal persons) B: Identity of the notifier, if applicable Full name Contact address Phone number & email 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 FSA website. 24 March 2017 Sponsor: PSG Capital Proprietary Limited Date: 24/03/2017 12:00:00 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.