SIRIUS REAL ESTATE LIMITED - Fitch Reaffirms Sirius' BBB Investment Grade Credit Rating and Stable Outlook

Fitch Reaffirms Sirius' BBB Investment Grade Credit Rating and Stable Outlook

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 October 2025

                                             Sirius Real Estate Limited

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

         FITCH REAFFIRMS SIRIUS' BBB INVESTMENT GRADE CREDIT RATING AND STABLE OUTLOOK

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 Fitch Ratings has reaffirmed
the Company's Long-Term Issuer Default Rating (IDR) and senior unsecured rating at BBB, with a 'Stable Outlook'.

In its rating rationale, Fitch highlighted the resilience of Sirius' business parks portfolio and the strength of its
business model. The agency noted robust tenant demand, supported by limited new supply at city peripheries
where construction costs are high and sites are competing with residential uses. Fitch also commended Sirius'
disciplined and efficient capital deployment, which continues to optimise asset value and support rental income
growth.

Sirius will announce its half year results for the six months ended 30 September 2025 on Monday 17 November
2025.

Chris Bowman, Chief Financial Officer at Sirius Real Estate, said: "Fitch's decision to reaffirm Sirius' investment
grade BBB credit rating is another positive endorsement of the strength of our operating platform, the high
quality of our portfolio, as well as the sustained resilience and growth potential of our rental income."


For further information:

Sirius Real Estate

Andrew Coombs, CEO / Chris Bowman, CFO

+44 (0) 20 3059 0855

FTI Consulting (Financial PR)

Richard Sunderland / Ellie Sweeney / James McEwan

+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
U.K. 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/

Follow us on X (Twitter) at @SiriusRE

JSE Sponsor

PSG Capital

Date: 15-10-2025 08:00:00
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