THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR TO US PERSONS, AUSTRALIA, CANADA OR
JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.
10 June 2016
Sirius Real Estate Limited
("Sirius Real Estate" or the "Company")
Investor Response to Proposed Private and Secondary Placement
Sirius Real Estate, the leading operator of branded business parks providing conventional and
flexible workspace to the German market, is pleased to confirm that it has had a positive response to the private and secondary
placement announced on Thursday 9 June 2016 and the book has been significantly oversubscribed.
In total 66 200 000 ordinary shares were available for subscription or acquisition and the Company
received bids for 169 396 165 ordinary shares (in respect of both the private and secondary placement) ("Private
Placement Shares"). The book will clear at €0.53 (fifty three Euro cents). The Private Placement Shares
will not be eligible to receive the final dividend of 1.30 Euro cents declared in respect of the twelve months ending 31 March
2016 or to participate in the scrip dividend alternative in relation to that dividend. Given the strength of the book and the
opportunities available, the Board may use its discretion to increase the number of shares issued in terms of the private
placement.
The Board is currently considering the final allocations and will make a more detailed
announcement on Monday 13 June 2016.
For further information:
Sirius Real
Estate
Andrew Coombs,
CEO
+49 (0)30 285010110
Alistair Marks, CFO
Peel Hunt
Joint UK Bookrunner
Capel Irwin -
Corporate
+44 (0)20 7418 8900
Alastair Rae - ECM
Syndicate
+44 (0)20 7418 8914
Canaccord Genuity
Limited
+44 (0)20 7523 8000
Joint UK Bookrunner
Bruce Garrow
Chris Connors
PSG Capital
Sole SA Bookrunner
David
Tosi
+27 (0)21 887 9602
Willie Honeyball
Novella
Tim
Robertson
+44 (0)20 3151 7008
Toby Andrews
Company Website
www.sirius-real-estate.com
IMPORTANT NOTICE
Peel Hunt LLP ("Peel Hunt") and Canaccord Genuity Limited ("Canaccord Genuity") which in the
United Kingdom are authorised and regulated by the Financial Conduct Authority, are acting solely for the Company in relation to
the Bookbuild and Private Placement and no-one else and will not be responsible to anyone other than the Company for providing
the protections afforded to clients of Peel Hunt and Canaccord Genuity nor for providing advice in relation to the Private
Placement or any other matter referred to in this announcement.
PSG Capital Proprietary Limited ("PSG Capital") is acting solely for the Company in relation to
the Bookbuild and Private Placement and no-one else and will not be responsible to anyone other than the Company for providing
the protections afforded to clients of PSG Capital nor for providing advice in relation to the Private Placement or any other
matter referred to in this announcement.
This announcement and the information contained herein is restricted and is not for release,
publication or distribution, in whole or in part, directly or indirectly, in or into the United States or to US Persons,
Australia, Canada or Japan or any jurisdiction into which the publication or distribution would be unlawful.
This announcement is for information purposes only and does not constitute or form part of any
offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any Private Placement Shares
in the United States or to US Persons (as such term is defined in the US Securities Act of 1933, as amended (the
"Securities Act"), Australia, Canada or Japan or any jurisdiction in which such offer or solicitation would be unlawful. Any
failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. The securities
have not been and will not be registered under the Securities Act and may not be offered, sold or transferred, directly or
indirectly, within the United States or to US Persons unless registered under the Securities Act except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any
state or other jurisdiction of the United States. No public offering of the shares referred to in this announcement is being made
in the United States, Australia, Canada or Japan or any jurisdiction in which such public offering would be unlawful.
The information in this announcement may not be forwarded or distributed to any other person and
may not be reproduced in any manner whatsoever. Any forwarding, distribution, reproduction, or disclosure of this information in
whole or in part is unauthorised. Failure to comply with this directive may result in a violation of the Securities Act or the
applicable laws of other jurisdictions.
This announcement includes statements that are, or may be deemed to be, "forward-looking
statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case,
their negative or other variations or comparable terminology. These forward-looking statements include matters that are not
historical facts. They appear in a number of places throughout this announcement and include statements regarding the current
intentions, beliefs or expectations of the directors ("Directors") of the Company concerning, among other things, the Company's
results of operations, financial condition, liquidity, prospects, growth, strategies and the Company's markets. By their nature,
forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual results
and developments could differ materially from those expressed or implied by the forward-looking statements. Forward-looking
statements may and often do differ materially from actual results. Any forward-looking statements in this announcement are based
on certain factors and assumptions, including the Directors' current view with respect to future events and are subject to risks
relating to future events and other risks, uncertainties and assumptions relating to the Company's operations, results of
operations, growth strategy and liquidity. Whilst the Directors consider these assumptions to be reasonable based upon
information currently available, they may prove to be incorrect.
These forward-looking statements speak only as at the date of this document. Save as required by
applicable law or regulation, or by the AIM Rules, Prospectus Rules, the Disclosure and Transparency Rules and the JSE Listing
Requirements, none of the Company, its agents, employees or advisers undertakes any obligation to update or revise any
forward-looking or other statements, whether as a result of any change in the Directors' expectations or to reflect events,
conditions or circumstances after the date of this announcement or otherwise and none of the Company, Peel Hunt, Canaccord
Genuity or PSG Capital or their respective directors, officers, employees, agents, affiliates and advisers, or any other party
undertakes or is under any duty to update this document or to correct any inaccuracies in any such information which may become
apparent or to provide you with additional information.
No statement in this announcement is intended to be a profit forecast, and no statement in this
announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would
necessarily match or exceed the historical published earnings per share of the Company.
This announcement has been issued by and is the sole responsibility of the Company. No
representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability
is or will be accepted by Peel Hunt, Canaccord Genuity or PSG Capital or by any of their affiliates or agents as to, or in
relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or
publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
The price of shares and any income expected from them may go down as well as up and investors may
not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and
persons needing advice should consult an independent financial adviser.
The contents of this announcement are not to be construed as legal, financial or tax advice. If necessary,
each recipient of this announcement should consult his, her or its own legal adviser, financial adviser or tax adviser for legal,
financial or tax advice. Each placee should consult with its own advisers as to legal, tax, business and related aspects of an
acquisition of Private Placement Shares.
Members of the public are not eligible to take part in the Private Placement. This announcement is directed
only at: (a) persons in the United Kingdom who are 'Qualified Investors' falling within the meaning of article 2(1)(e) of the
Prospectus Directive (which means Directive 2003/71/EC and includes any relevant implementing directive measure in the UK) who
(i) have professional experience in matters relating to investments falling within article 19(5) ("Investment professionals") of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); or (ii) fall within
article 49(2)(a) to (d) ("High net worth companies, unincorporated associations, etc") of the Order; or (b) persons to whom
it may otherwise be lawfully communicated. Insofar as this announcement relates to the South African Private Placement, it is
directed only at persons in South Africa who (i) fall within the categories of persons set out in section
96(1)(a) of the South African Companies Act or (ii) acquire Private Placement Shares or Ordinary Shares in the Secondary Placing
for a minimum acquisition cost of R1 000 000 for single addressee acting as principal , as envisaged in section
96(1)(b) of the South African Companies Act, 2008 (such persons being referred to as "South-African Eligible Investors").
All such persons in contemplated in (a) or (b) and the South-African Eligible Investors are together
being referred to as "Relevant Persons"). This announcement must not be acted on or relied on by persons who are not Relevant
Persons. Any investment or investment activity to which this announcement or the Private Placement relates is available only to
Relevant Persons and will be engaged in only with Relevant Persons.
By participating in the bookbuilding process and the Private Placement, placees and prospective placees will
be deemed to have read and understood this announcement in its entirety.
Neither the content of the Company's website nor any website accessible by hyperlinks on the
Company's website is incorporated in or forms part of this announcement.