Update on Funding

Sirius Real Estate Limited

('SRE' or the 'Company')

Confirmation of New Debt Facility

Sirius is pleased to confirm that it has signed a new €32.5 million banking facility with Macquarie Bank Limited, London Branch ("Macquarie") with the same terms as outlined in the statement on 4th December 2013: The facility expires in January 2017, has a floating interest rate of six per cent. margin over Euribor and will amortise at one per cent. per annum.

The Company has used €22.0 million of this new facility to refinance five of the properties in the Royal Bank of Scotland ("RBS") portfolio. A further €10.3 million has been paid from existing cash resources to repay the balance of the RBS liability and previously incurred associated fees. The Company is therefore now pleased to announce that the RBS facility has been repaid in full.

The Company has used the other €10.5 million of this new facility to part repay the bank facility with Berlin Hyp AG which means that that loan currently stands at €135.5m. It is progressing the refinancing of this facility as previously announced and expects to close it in January 2014.

CEO, Andrew Coombs, said: "We are glad to have completed this important next step in the refinancing of the Company's bank facilities, as proposed at the time of the equity raising, and look forward to updating the market on the refinancing of the outstanding Berlin Hyp AG loan early in the New Year."

Contacts:

Sirius

Andrew Coombs, CEO +49 (0) 30 285010110

Alistair Marks, CFO

Peel Hunt

Capel Irwin 020 7418 8900

Hugh Preston

Novella Communications

Tim Robertson 020 31517008 

Ben Heath