SIRIUS REAL ESTATE LIMITED - Allotment Of New Shares

Allotment Of New Shares

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE(EUR) Share Code: ESRE
ISIN Code: ISIN GG00B1W3VF54


06 March 2019

                                           Sirius Real Estate Limited

                                 ("Sirius Real Estate", "Sirius" or the "Company")

                                           Allotment of New Shares

Sirius Real Estate announces that awards granted to 106 participants under the Sirius Real Estate
Limited Long Term Incentive Plan 2015 (the “2015 LTIP”) vested on 4 March 2019 in respect of
1,780,109 ordinary shares of no par value in the Company.

1,780,109 shares are now due to be delivered to satisfy these awards, of which 632,243 shares have
been withheld in partial settlement of certain participants’ tax liabilities arising in respect of the vesting.
Accordingly, 1,147,866 ordinary shares of no par value will be issued to qualifying participants.
Disclosure of an award made to the Group Company Secretary is detailed below. There are no other
PDMRs in the participant group. The participant awards will be made up of an issue of 1,061,066 new
ordinary shares of no par value and a transfer of 86,800 ordinary shares of no par value from the Sirius
Real Estate Employee Benefits Trust.

Following the issue of the new ordinary shares, the total number of voting rights in the Company will be
1,022,140,875. There are no shares held in Treasury.

Application will be made for the new ordinary shares to be admitted to trading on the main market of
London Stock Exchange Plc (“LSE”), to be admitted to listing on the premium segment of the Official
List of the UK Listing Authority and to be listed on the main board of the Johannesburg Stock Exchange
(“JSE”). It is expected that admission of the new ordinary shares will take place at commencement of
trade on both the LSE at 8am (BST) and on the JSE at 9am (SAST), on or around 11 March 2019.

1.    Details of PDMR / person closely associated with them (“PCA”)
a)    Name                                Aoife Bennett
2.    Reason for the notification
a)    Position / status                   Group Company Secretary
b)    Initial notification /              Initial notification
      amendment
3.    Details of the issuer
a)    Name                                Sirius Real Estate Limited
b)    LEI                                 213800NURUF5W8QSK566
4.    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
      where transactions have been conducted
a)    Description of the financial        Ordinary shares of no par value.
      instrument, type of
      instrument
b)    Identification code                 GB00B1W3VF54
c)    Nature of the transaction           Acquisition of shares under the 2015 Sirius Real
                                          Estate Limited Long-Term Incentive Plan.
                                          Following receipt of the award Mrs. Bennett will
                                          have a beneficial interest in 41,861 shares.
d)    Price(s) and                        Price(s)      Volume(s)      Total(s)
      volume(s)                           (p/GBP)                      (p/GBP)
                                          n/a           41,861         0.00
e)    Date of the transaction             6 March 2019
f)    Place of the transaction            Outside of trading venue (off market)
g)    Nature and extent of                Direct, beneficial
      interest in the transaction
h)    Clearance to deal in these securities was obtained in accordance with Rule 3.66 of
      the Listings Requirements of the JSE Limited.

For further information:

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

Tavistock                                           +44 (0)20 7920 3150
Jeremy Carey
James Verstringhe

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.

LEI: 213800NURUF5W8QSK566

JSE Sponsor
PSG Capital

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