01 Sep - 4 min read

Appointment of independent non-executive director

Appointment of independent non-executive director

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

1 September 2021

                                       Sirius Real Estate Limited

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

                        Appointment of independent non-executive director

Following the Company’s announcements of 9 June 2021 and 30 July 2021, Sirius Real Estate, the
leading operator of branded business and industrial parks providing conventional space and flexible
workspace in Germany, announces that Joanne Kenrick’s appointment to the Company’s Board as an
independent non-executive director is effective today.

Joanne Kenrick has had a commercial marketing career spanning over 30 years and has extensive
listed, private and charitable board experience. For five years until 2015 she was the marketing and
digital director for Homebase, prior to which she was chief executive officer of Start, where she
established and oversaw HRH the Prince of Wales’s public facing initiative for a more sustainable
future. Joanne’s former roles include marketing and customer proposition director for B&Q and
marketing director at Camelot Group plc. She was previously a non-executive director of Principality
Building Society for six years, during which time she was also a member of the audit and conduct risk
committees. Joanne has a degree in law and started her career at Mars Confectionery and PepsiCo.

Joanne Kenrick is currently a non-executive Director of Safestore Holdings plc; a non-executive
Director and remuneration committee chair for both Welsh Water and Coventry Building Society, as
well as being deputy chair and the senior independent director for the latter; and chair of Switching
Services Participant Committee and of PayM for Pay.uk. She is also chair of trustees of the charity
Make Some Noise.

The announcement has been made in accordance with requirements of the Listing Rule 9.6.11R of the
Listing Rules published by the Financial Conduct Authority (the “Listing Rules”).

No further disclosures are required under LR 9.6.13R of the Listing Rules with respect to this
appointment.

Joanne Kenrick and any 'persons closely associated' with her, have no beneficial interest in the
Company's ordinary shares of no par value.

                                                 ENDS

For further information:
Sirius Real Estate
Andrew Coombs, CEO / Alistair Marks, CFO
+49 (0) 30 285010110

FTI Consulting (Financial PR)
Richard Sunderland / Claire Turvey / James McEwan / Talia Jessener
+44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com

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 JSE Limited. It is a leading operator of branded business parks
providing conventional space and flexible workspace in Germany. The Company’s purpose is to create
and manage optimal workspaces that empower small and medium-sized businesses to grow, evolve
and thrive. Sirius seeks to unlock the potential of its people, its properties, and the communities in
which it operates, so that together we can create sustainable impact, and long-term financial and
social value.

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.

Sirius also has a venture with clients represented by AXA IM Alts. Titanium was formed through the
acquisition by AXA IM Alts, on behalf of its clients, from Sirius, of a 65% stake in five business parks
across Germany. Sirius retained the remaining 35%. The venture seeks to grow primarily through the
acquisition of larger stabilised business park assets and portfolios of assets with strong tenant profiles
and occupancy. As well as its equity interest, Sirius acts as operator of the assets in the venture, on a
fee basis. 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 venture 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

JSE Sponsor
PSG Capital

Date: 01-09-2021 08:00:00
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