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SIRIUS REAL ESTATE LIMITED - Cash Fraction Applicable To The Scrip Dividend

Release Date: 09/07/2020 08:00
Code(s): SRE     PDF:  
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Cash Fraction Applicable To The Scrip Dividend

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LSE (EUR) Share Code: ESRE
LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

9 July 2020

Sirius Real Estate Limited

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

Cash fraction applicable to the Scrip Dividend

Shareholders of the Company (“Shareholders”) are referred to the condensed consolidated financial
results for the year ended 31 March 2020, published on RNS and SENS on 1 June 2020, in which the
Company declared a cash dividend with the alternative to elect to receive a scrip dividend (“Scrip
Dividend Alternative”), as well as the announcements published on RNS and SENS on 8 June 2020
and 15 June 2020, and the Shareholder Circular dated 8 June 2020, relating to the Scrip Dividend
Alternative.

The attention of Shareholders is accordingly drawn to the following terms relating to the fractions
applicable to the Scrip Dividend Alternative.

Shareholders on the UK Register

Where the operation of the Scrip Dividend Alternative would result in a Share Elector being entitled
to less than one New Share (for example where that Share Elector held a small number of Ordinary
Shares) no fraction of a New Share will be issued, and the relevant amount of authorised Dividend will
be retained for the benefit of the Company.

Shareholders on the SA Register

No fractions of a New Share will be issued to Shareholders on the SA Register.

You cannot accumulate residual entitlements or receive a fraction of a New Share. Where you have
made an election to participate in the Scrip Dividend Alternative, which would otherwise give rise to
an entitlement to a fraction of a New Share, the number of New Shares to be received will be rounded
down and any residual entitlement which is less than the price of one New Share (as calculated in
accordance with paragraph 3 of the terms and conditions set out in the Circular) will be paid to you in
cash in Rand.

The cash fractional payment was determined with reference to the volume weighted traded price on
the JSE on, Wednesday, 8 July 2020 (being the date on which the Ordinary Shares began trading on
the JSE ex the cash dividend or scrip dividend) of R17.01080, discounted by 10% ("Fractional
Reference Price"). Shareholders are accordingly advised that the Fractional Reference Price
is R15.30972 (R17.01080 discounted by 10%). The cash fractional payment may be considered to be
revenue or capital in nature and will depend on the nature of the pre-existing Ordinary Shares held by
Shareholders of the Company. The cash fractional payment is not regarded as a dividend for South
African tax purposes and will not be subject to dividends tax. Shareholders are advised to seek their
own tax advice from an independent tax adviser should they be in any doubt as to the tax treatment
for them of any cash fractional payment.

Further Information

Terms used but not defined herein have the same meaning given to them as set out in the Circular.

The distribution of the Circular in certain jurisdictions (including the United States of
America, Canada, Japan, New Zealand or Australia or their respective territories or possessions
(subject to applicable exemptions)) other than the United Kingdom, South Africa and Guernsey may
be restricted by law. Accordingly, the Circular may not be distributed or published in any jurisdiction
except under circumstances that will result in compliance with any applicable laws and regulations.
Persons into whose possession the Circular comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.

For further information:

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

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

JSE Sponsor
PSG Capital

Date: 09-07-2020 08:00:00
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