Cash dividend and Dividend Reinvestment Plan

LSE (GBP) Share Code: SRE

Sirius Real Estate Limited

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

Cash dividend and offer of Dividend Reinvestment Plan

The board of directors of Sirius has earlier today declared a dividend for the six-month period ended

31 March 2025 of €0.0309 per share.

The dividend is payable on Thursday, 24 July 2025 to Sirius shareholders ("Shareholders") on the share register on Friday, 27 June 2025.

The Company will not be offering a scrip dividend alternative but, for those Shareholders who wish to receive their dividend in the form of shares, the Dividend Reinvestment Plan ("DRIP") will again be available. This means that the net dividend after tax is effectively reinvested by acquiring additional shares in the Company. The DRIP terms and conditions can be found at www.signalshares.com

(for Shareholders on the UK share register) and www.sirius-real-estate.com/investors/dividends/

(for Shareholders on the SA share register).

Salient Dates and Times

Shareholders on the UK share register

To facilitate settlement of the dividend to SA Shareholders, share certificates may not be dematerialised or rematerialised between Wednesday, 25 June 2025 (the SA Ex-Dividend Date) and Friday, 27 June 2025

(the SA Record Date), both dates inclusive. Shares cannot be moved between the SA share register and the UK share register, and no such transfers of Sirius shares between the SA share register and the UK share register shall be registered, between Monday, 2 June 2025 (the Exchange Rate Announcement Date) and Friday, 27 June 2025 (the SA Record Date), both dates inclusive.

The dividend has been declared by the board of directors of the Company in Euro, from retained earnings. UK Shareholders may choose to receive their entitlement to the dividend in cash in either Euro or Sterling. UK Shareholders who do not make a valid Sterling currency election will receive any entitlement to the cash dividend in Euro. The Sterling currency election form is available online at:

www.sirius-real-estate.com/investors/dividends/. SA Shareholders will receive any entitlement to the cash dividend in SA Rand ("ZAR").

Conversion Rates

The Euro to Sterling Conversion Rate (UK share register only)

For UK Shareholders who make a valid Sterling currency election, the conversion rate for the purpose of calculating the dividend for the six months ended 31 March 2025 will be a Euro to Sterling Rate of £0.842320.

On this basis, UK Shareholders who have elected to receive their entitlement to the dividend in cash in Sterling will be entitled to a gross dividend of £0.02602 per share. The gross dividend will be subject to tax, unless exempt and subject to dividend withholding tax, or subject to a reduced rate, if applicable.

The Euro to ZAR Conversion Rate (SA share register only)

For SA Shareholders, the conversion rate for the purposes of calculating the dividend authorised in connection with the period ended 31 March 2025 will be 20.49180 ZAR to 1 Euro.

The Euro to ZAR conversion for payment of the dividend in ZAR will be settled on Monday, 2 June 2025 (Exchange Rate Announcement Date), using the Euro to ZAR Conversion Rate which has been fixed by the Company as at Friday, 30 May 2025. The closing market price for a share on the JSE on Friday, 30 May 2025 was R23.03.

Dividend Reinvestment Plan

UK Shareholders

SA Shareholders

Property Income Distribution ("PID"), non-PID and taxation

Shareholders are advised that the cash dividend declared will be paid as 100% non-PID.

Shareholders will thus be paid as follows:

* SA dividends tax applies at the rate of 20% for SA Shareholders who are SA tax residents, if an exemption does not apply

Additional information on the tax implication for Shareholders can be found at

General Information

On Monday, 2 June 2025, being the declaration date of the dividend, the Company had in issue 1,511,857,390 ordinary shares and there were no shares held in treasury. The Company is incorporated in Guernsey with Company number 46442 and its tax registration number in Guernsey is 1EC.956 and its UK tax number is GB 203993015.

The dividend is being paid from the UK.

• Exchange Control Regulations
• The cash dividend
• Reinvested shares via the DRIP
• Non-residents
• Emigrants

Based on shares controlled in terms of the Exchange Control Regulations, reinvested shares will be controlled and form part of the emigrant's remaining assets and be reflected in the capital account held with the Authorised Dealer controlling these assets. In particular, it will be the CSDP of the Authorised Dealer or the CSDP contracted by the Authorised Dealer that will be responsible to implement the election and a "Non-Resident" annotation will appear in the CSDP. These shares will thus form part of the remaining assets of the emigrant. However, it should be noted that it was indicated by the South African Reserve Bank in Exchange Control Circular 3/2023 (in relation to income and capital distributions from inter vivos trusts), that remaining funds in South Africa may be transferred from South Africa up to R10 million, subject to the emigrant obtaining the relevant tax TCS clearance from the South African Revenue Service.

In terms of the Exchange Control Regulations of South Africa:

• dividends and residual cash payments from reserves are freely transferable from South Africa.

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