SRE Sirius Real Estate Ld

TIDMSRE

RNS Number : 8608P

Sirius Real Estate Limited

12 June 2020

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (EUR) Share Code: ESRE

LSE (GBP) Share Code: SRE

ISIN Code: ISIN GG00B1W3VF54

12 June 2020

Sirius Real Estate Limited

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

Posting of Annual Report, Notice of Annual General Meeting and No Change Statement

Sirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, is pleased to announce to shareholders of the Company ("Shareholders") that the Company's annual report ("Annual Report"), incorporating the full audited consolidated annual financial statements of the Company for the year ended 31 March 2020 ("Annual Financial Statements") and the notice of the annual general meeting of the Company ("Notice of AGM") were dispatched to Shareholders today, Friday, 12 June 2020, and contain no modifications to the audited results which were announced on SENS on 1 June 2020.

The Annual Report and the Annual Financial Statements will also be available on the Company's website, at www.sirius-real-estate.com/investors/reports/ as from today, 12 June 2020.

Notice of Annual General Meeting

Notice is hereby given that the annual general meeting ("AGM") of Sirius Real Estate will be held at 11 am (UK time), 12 pm (SAST), Friday, 31 July 2020 at 33 St James' Square, London to transact the business as set out in the Notice of AGM.

Members registered on the South African part of the register of members (the "SA Register") as of Friday, 24 July 2020 (the "SA Record Date") shall have the right to participate and vote at the annual general meeting. Accordingly, the last day to trade for shareholders on the SA Register in order to be able to participate and vote at the meeting is Tuesday, 21 July 2020.

Members registered on the United Kingdom Register of Members (the "UK Register") by close of business, on Wednesday 29 July 2020 (the "UK Record Time") shall have the right to participate and vote at the AGM. Any change to an entry on the UK Register after the UK Record Time shall be disregarded in determining the right of any person to attend and vote at the AGM.

Members are reminded of UK Government guidance on Covid-19, involving social distancing and travel restrictions and as such, attendance should be considered in light of UK government guidance in force before and on the day of the AGM. As this is a rapidly changing situation, the Company will announce any changes to the arrangements for holding the AGM and update the Company's website accordingly.

For further information:

Sirius Real Estate

Andrew Coombs, CEO/Alistair Marks, CFO

Tel: +49 (0)30 285010110

Tavistock (Financial PR)

Jeremy Carey/James Verstringhe

Tel: +44 (0)20 7920 3150

Email: siriusrealestate@tavistock.co.uk

NOTES TO EDITORS

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.

In July 2019, the Company completed the formation of its Titanium real estate investment joint venture with clients represented by AXA Investment Managers - Real Assets. Titanium was formed through the acquisition by AXA IM - Real Assets, on behalf of its clients, from Sirius, of a 65% stake in five business parks across Germany. Sirius will retain the remaining 35% and will act as operator of the assets, on a fee basis. Subject to suitable investment opportunities, AXA IM - Real Assets and Sirius may consider opportunities to grow the JV's portfolio primarily through the acquisition of larger stabilised business park assets and portfolios of assets with strong tenant profiles and occupancy. Sirius will continue to grow its wholly owned portfolio through acquisitions of more opportunistic assets, where it can capitalise on its asset management expertise to maximise utilisation of the space, grow occupancy and improve quality of the tenants. The strategies have been clearly defined so that the JV does not conflict with Sirius's existing business.

For more information, please visit: www.sirius-real-estate.com

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/

Follow us on Twitter at @SiriusRE

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital

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