Sirius Real Estate appoints current Non-Executive Director Neil Sachdev as Chairman of the Board

– GUERNSEY, St. Peter Port – Sirius Real Estate (AIM:SRE), the leading operator of branded business parks providing conventional and flexible workspace to the German market, is pleased to announce that Neil Sachdev, a Non-Executive Director, has been appointed as Non-Executive Chairman with immediate effect.

Neil is replacing Robert Sinclair who has been Non-Executive Chairman since 2011, during which time the Company has benefited from Robert’s experience and guidance while it underwent substantial change. Robert is continuing as a Non-Executive Director.

In addition, the following Non-Executive roles have been changed with immediate effect: James Peggie succeeds Wessel Hamman as Chairman of the Remuneration Committee, Robert Sinclair takes over from Wessel Hamman as Chairman of the Audit Committee and Neil Sachdev succeeds James Peggie as Chairman of the Nomination Committee. Neil Sachdev also joins as a member of both the Remuneration and Audit Committees.

The Company also confirms that a search has commenced for a further Non-Executive Director.

Andrew Coombs, Chief Executive Officer of Sirius Real Estate commented: “On behalf of the Board, I would like to thank Robert wholeheartedly for his significant contribution as Chairman over the last five years. At the same time, it is a pleasure to welcome Neil as the Company’s new Chairman. In the short time Neil has been with the Company he has already had a positive impact. The experience he brings from being involved at the senior end of the real estate market and with the operational and governance requirements of much larger businesses such as Tesco and Sainsbury, ties in well with the ambitions we have for Sirius.”

Chairman of Sirius Real Estate, Neil Sachdev, said, “I would like to add my thanks to Robert for his leadership of the Company and I look forward to continuing to work with him and all the team going forward as we seek to continue to expand the business and maximise returns to shareholders.”

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