PrimaryBid Offer

• The PrimaryBid Offer is available to both existing shareholders and new investors;
• The issue price for the new Ordinary Shares will be equal to the Placing Price;
• There is a minimum subscription of £250 per investor in the PrimaryBid Offer;
• No commission will be charged by PrimaryBid on applications to the PrimaryBid Offer.

PrimaryBid Offer

Sirius Real Estate Limited (LON: SRE), a leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the United Kingdom, is pleased to announce, a conditional offer for subscription of new ordinary shares in the capital of the Company ("Ordinary Shares") via PrimaryBid (the "PrimaryBid Offer"). The Company is also conducting an institutional placing of new Ordinary Shares by way of an accelerated bookbuilding process (the "Placing") and a placing of new Ordinary Shares to selected qualified investors in South Africa (the "South Africa Placing") as announced earlier today. The issue price of the new Ordinary Shares to be issued pursuant to the Placing, the South Africa Placing and the PrimaryBid Offer (the "Placing Price") will be determined following the close of the bookbuilding process.

In addition, as announced by the Company earlier today, certain directors and senior employees of the Company will also be subscribing for new Ordinary Shares at the Placing Price directly with the Company (the "Subscription", together with the Placing, the South Africa Placing and the PrimaryBid Offer, the "Fundraise").

The PrimaryBid Offer is conditional on the new Ordinary Shares to be issued pursuant to the PrimaryBid Offer and the Placing being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and admitted to trading on the main market for listed securities of London Stock Exchange plc ("Admission"). Admission is expected to take place at 8.00 a.m. on

24 November 2023. The PrimaryBid Offer will not be completed without the Placing and the South Africa Placing also being completed.

The Company's directors believe that the conditions in the German and UK markets currently present a significant near term pipeline of attractive acquisition opportunities, and the Fundraise will provide the flexibility to execute on that pipeline and replenish funds following the recent acquisitions completed by BizSpace, Sirius' UK subsidiary, of assets in Liverpool, Barnsley and North London.

Reason for the PrimaryBid Offer

While the Placing has been structured as a non-pre-emptive offer within the Company's existing authorities from shareholders for non-pre-emptive offers so as to minimise cost and time to completion, the Company values its retail investor base and is therefore pleased to provide retail investors with the opportunity to participate in the PrimaryBid Offer in line with the Pre-Emption Group guidelines.

• AJ Bell;
• Hargreaves Lansdown; and
• interactive investor.

The PrimaryBid Offer will open to investors resident and physically located in the United Kingdom following the release of this Announcement. The PrimaryBid Offer is expected to close at 6.00 p.m. on 20 November 2023 and may close early if it is oversubscribed.

There is a minimum subscription amount of £250 per investor in the PrimaryBid Offer.

The new Ordinary Shares to be issued pursuant to the PrimaryBid Offer will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the South Africa Placing, the Subscription and the Company's existing Ordinary Shares.