SIRIUS REAL ESTATE LIMITED - Sirius issues 105 million of new notes in bond tap of existing 359.9 million 1.75% notes due 2028

Sirius issues €105 million of new notes in bond tap of existing €359.9 million 1.75% notes due 2028

SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54

15 September 2025

                                      Sirius Real Estate Limited

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

Sirius issues €105 million of new notes in bond tap of existing €359.9 million 1.75% notes due 2028

Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing
conventional space and flexible workspace in Germany and the U.K., announces that it has issued
€105 million nominal value of notes (the "Issuance") to be consolidated and form a single series with
its existing €359.9 million 1.75% bonds due November 2028, which were originally issued on
18 November 2021 (ISIN: XS2412732708) (the "11/2021 Notes"). This is the second tap of the original
€300 million 11/2021 Notes, following a successful €59.9 million raise in May 2024.

The new notes were priced in line with current trading levels of the 11/2021 Notes and the Issuance
was executed directly with HSBC Continental Europe, the sole lead manager. This follows very strong
demand for the Company's €350 million seven-year bond issued in January 2025. The proceeds of the
new notes will be used toward the Company's pipeline of potential acquisitions in Germany and the
U.K., as well as for general corporate purposes.

Chris Bowman, Chief Financial Officer of Sirius Real Estate, commented: "This latest bond tap
underscores confidence in our strategy, platform and portfolio. The €105 million proceeds enhance
our capacity to pursue accretive growth, while maintaining disciplined leverage and preserving our
net LTV within our long-standing guidance of below 40%. Having undertaken some €300 million of
acquisitions this year, including the recently announced £101.1 million acquisition of the Hartlebury
Trading Estate which was transformational for our BizSpace platform in the U.K., we continue to see
attractive opportunities to scale our business in both Germany and the U.K. This additional funding
will help support that growth."

Enquiries:

Sirius Real Estate
Andrew Coombs, CEO / Chris Bowman, CFO
+49 (0)30 285 010 110

FTI Consulting (Financial PR & IR)
Richard Sunderland / Giles Barrie / James McEwan / Ellie Sweeney
Tel: +44 (0)20 3727 1000
SiriusRealEstate@fticonsulting.com

NOTES TO EDITORS

About Sirius Real Estate

Sirius is a property company listed on the equity shares (commercial companies) category of the
London Stock Exchange and the premium segment of the main board of the JSE Limited. It is a leading
owner and operator of branded business and industrial parks providing conventional space and
flexible workspace in Germany and the UK. As of 31 March 2025, the Group's portfolio comprised 145
assets let to 10,477 tenants with a total book value of over €2.7 billion, generating a total annualised
rent roll of €221.4 million. Sirius also holds a 35% stake in Titanium, its €350+ million German-focused
joint venture with clients of AXA IM Alts.

The Company's strategy centres on acquiring business parks at attractive yields and integrating them
into its network of sites - both under the Sirius and BizSpace names and alongside a range of
branded products. The business then seeks to reconfigure and upgrade existing and vacant space to
appeal to the local market via intensive asset management and investment and may then choose to
refinance or dispose of assets selectively once they meet maturity, to release capital for new
investment. This active approach allows the Company to generate attractive returns for
shareholders through growing rental income, improving cost recoveries and capital values, and
enhancing returns through securing efficient financing terms. For more information, please
visit: www.sirius-real-estate.com

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/ or on X (Twitter) at
@SiriusRE

JSE Sponsor

PSG Capital

Date: 15-09-2025 08:00:00
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