Retail Offer by PrimaryBid

THIS ANNOUNCEMENT IS BEING PUBLISHED ON THE JSE'S STOCK EXCHANGE NEWS SERVICE (SENS), FOR INFORMATION PURPOSES ONLY. THE RETAIL OFFER IS ONLY MADE AVAILABLE TO RETAIL INVESTORS IN THE UNITED KINGDOM AND IS NOT BEING MADE INTO SOUTH AFRICA. NOTHING HEREIN SHALL CONSTITUTE OR FORM A PART OF ANY OFFER, INVITATION OR RECOMMENDATION TO PURCHASE, SELL OR SUBSCRIBE FOR ANY SECURITIES IN SOUTH AFRICA.

Sirius Real Estate Limited

("Sirius" or the "Company")

Retail Offer by PrimaryBid

• Sirius announces a conditional offer for subscription of new Ordinary Shares via PrimaryBid;
• The Offer Price for the new Ordinary Shares is 94 pence per new Ordinary Share, representing a discount of 3.5 per cent to the closing mid-price of the Company's existing Ordinary Shares on 10 July 2024;
• Investors can take part through PrimaryBid's extensive network of retail brokers, wealth managers and investment platforms, (subject to such partners' participation), which includes AJ Bell, Hargreaves Lansdown and interactive investor;
• The Retail Offer is available to both existing shareholders and new investors;
• The new Ordinary Shares to be issued pursuant to the Retail Offer, the Placing, the South Africa Placing and the Subscription will be sold at the Offer Price;
• There is a minimum subscription of £250 per investor in the Retail Offer;
• No commission will be charged by PrimaryBid on applications to the Retail Offer.

The Retail Offer

Sirius Real Estate Limited (LON: SRE), the owner and operator of branded business parks, industrial complexes and out of town offices in Germany and the United Kingdom is pleased to announce, a conditional offer for subscription of new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares") via PrimaryBid (the "Retail Offer") at an Offer Price of 94 pence per new Ordinary Share (the "Offer Price"), being a discount of 3.5 per cent to the closing mid-price of the Company's existing Ordinary Shares on 10 July 2024. The Company has announced that it conducted a placing of new Ordinary Shares at the Offer Price by way of an accelerated bookbuilding process as announced on 10 July 2024 which was made available to institutional investors (the "Placing") and to selected qualifying investors in South Africa (the "South Africa Placing"). Certain directors and persons discharging managerial responsibilities of the Company have also subscribed for new Ordinary Shares at the Offer Price (the "Subscription" together with the Placing, the South Africa Placing and Retail Offer, the "Capital Raising").

The Company announced the results of the Capital Raising (excluding the Retail Offer) earlier today, and the Placing, South Africa Placing and Subscription components of the Capital Raising will in aggregate comprise the issue of 159,574,468 new Ordinary Shares (the "Offer Shares"), which will raise gross proceeds of £150 million. The Offer Shares represent approximately 11.8 per cent. of the existing issued ordinary share capital of the Company prior to the Capital Raising.

The Retail Offer is conditional on the new Ordinary Shares to be issued pursuant to the Retail Offer and the Offer Shares 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 ("UK Admission") and to listing and trading on the JSE ("JSE Admission"). UK Admission is expected to take place at 8.00 a.m. on 16 July 2024. The Retail Offer will not be completed without the Placing and the South Africa Placing also being completed.

The Company will apply the funds raised to execute its ongoing acquisition strategy.

Reason for the Retail Offer

While the Capital Raising has been structured as a non-pre-emptive offer 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 Retail Offer in line with the Pre-Emption Group guidelines.

Some partners may only accept applications from existing shareholders and/or existing customers.

The Retail Offer will open to investors resident and physically located in the United Kingdom following the release of this Announcement. The Retail Offer is expected to close at 8 p.m. later today and may close early if it is oversubscribed.

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