Sirius Completes Disposal Of Bremen Hag Business Park And Notarisation Of Sale Of Bremen Dötlinger Strasse SIRIUS REAL ESTATE LIMITED (Incorporated in Guernsey) Company Number: 46442 JSE Share Code: SRE LSE (EUR) Share Code: SRE LSE (GBP) Share Code: ESRE ISIN Code: ISIN GG00B1W3VF54 14 November 2018 Sirius Real Estate Limited ("Sirius Real Estate", “Sirius” or the "Company") Sirius completes disposal of Bremen Hag Business Park and notarisation of sale of Bremen Dötlinger Strasse Sirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, has completed the sale of its Bremen Hag Business Park for €3.8 million and notarised the sale of its Bremen Dötlinger-Strasse Business Park for €6.3 million, both in line with book value. Bremen Hag was a very large site located next to the container port in Bremen Harbour which held limited appeal among prospective tenants, and was loss-making with a net operating expense of around €300,000 and occupancy of less than 19%. The sale will therefore also increase overall occupancy of the current portfolio by more than 2.5%, removing 48,000 sqm of vacant space. Bremen Dötlinger Strasse was notarised for sale on the 23 October 2018 and is expected to complete in March 2019. These disposals complete the sale of the remaining non-core assets in the portfolio. They take the number of sales by the Company this year to five, the others being another non-core asset in Bremen, a non-income producing piece of land and a vacant residential building, which together will generate proceeds of €21.1 million (€27.4 million when Bremen Dötlinger completes in March 2019). Andrew Coombs, Chief Executive Officer of Sirius Real Estate, said: “When the Bremen Dötlinger Strasse sale completes in March 2019, it will conclude the Company’s strategy to exit Bremen, allowing us to focus our sights on Germany’s “big seven” cities. The proceeds of both these sales will also provide additional capital to invest in the current portfolio and on new acquisitons.” For further information: Sirius Real Estate Andrew Coombs, CEO Alistair Marks, CFO +49 (0)30 285010110 Tavistock (financial PR) Jeremy Carey James Verstringhe +44 (0)20 7920 3150 siriusrealestate@tavistock.co.uk NOTES TO EDITORS About Sirius Real Estate Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company's core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company's own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment. The Company's strategy aims to deliver attractive returns for shareholders by increasing rental income and improving cost recoveries and capital values, as well as by enhancing those returns through financing its assets on favourable terms. Once sites are mature and net income and values have been optimised, the Company may take the opportunity to refinance the sites to release capital for investment in new sites or consider the disposal of sites in order to recycle equity into assets which present greater opportunity for the asset management skills of the Company's team. For more information, please visit: www.sirius-real-estate.com Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/ Follow us on Twitter at @SiriusRE LEI: 213800NURUF5W8QSK566 JSE Sponsor PSG Capital Date: 14/11/2018 04:30:00 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.