Standard Form For Notification Of Major Holdings SIRIUS REAL ESTATE LIMITED (Incorporated in Guernsey) Company Number: 46442 Share Code: SRE ISIN Code: ISIN GG00B1W3VF54 TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of Sirius Real Estate Ltd existing shares to which voting rights are attached ii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer X 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligation iv Name Woodford Investment Management Ltd 9400 Garsington Road, Oxford, OX4 2HN, United King- City and country of registered office (if applicable) dom 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 25/06/2018 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 26/06/2018 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights at- Total number of through financial instru- Total of both in % tached to shares (to- voting rights of is- ments (8.A + 8.B) tal of 8. A) suervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which Less than 5% Less than 5% 991,329,614 threshold was crossed or reached Position of previous notification (if 5.11% 5.11% 5.11% applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of Number of voting rightsix % of voting rights shares Direct Indirect Direct Indirect ISIN code (if possi- (Art 9 of Directive (Art 10 of Di- (Art 9 of Directive (Art 10 of Di- ble) 2004/109/EC) rective 2004/109/EC) rective (DTR5.1) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) GG00B1W3VF54 Less than 5% Less than 5% SUBTOTAL 8. A Less than 5% Less than 5% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting Expira- rights that may be ac- Type of financial Exercise/ % of voting tion quired if the instru- instrument x Conversion Periodxi rights date ment is exercised/converted. SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of finan- Exercise/ Physical or Expiration Number of % of voting cial instru- x Conversion cash date voting rights rights ment Period xi settlementxii SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (un- X derlying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) % of voting rights if it Total of both if it % of voting rights equals or is higher equals or is higher Namexv through financial in- than the notifiable than the notifiable struments if it equals threshold threshold or is higher than the notifiable threshold Woodford Investment 4.96 0.00 4.96 Management Ltd 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional informationxvi Place of completion 9400 Garsington Road, Oxford, OX4 2HN, United Kingdom Date of completion 25/06/2018 LEI: 213800NURUF5W8QSK566 JSE Sponsor: PSG Capital 27 June 2018 Date: 27/06/2018 11:00:00 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.