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17-Oct-2017
(Official Notice)
Further to the announcement on 15 June 2017, the Board of Directors is pleased to announce that Morn? Wilken will be taking over as Chief Executive Officer of MAS with effect from 1 January 2018. Lukas Nakos will continue as CEO until Morn??s arrival.



Morn? joined the board of MAS as a non-executive director in August 2014 and has a thorough understanding of the business and its strategy. He brings with him extensive experience of real estate markets and investor relations and will be relocating to the Isle of Man on a full-time basis to fulfil this role.



Morn? previously spent 10 years in the property finance division of First National Bank and RMB, divisions of FirstRand, where he excelled as a top dealmaker. Morn? then led the strategic roll-out and development of Waterfall for Atterbury before joining Attacq in 2009, initially as Chief Operating Officer and then Chief Executive Officer from 2011.

17-Oct-2017
(Official Notice)
Shareholders are referred to the announcement dated 13 July 2017, wherein MAS announced that it had, through its wholly-owned subsidiary, New Waverley 20 Ltd., entered into a lease with the UK government (?the pre-let agreement?) for the office component of the New Waverley development in Edinburgh, Scotland (?the pre-let office?). The pre-let agreement encompasses a lease, with a UK government guarantee, for a term of 25 years commencing upon practical completion of the development. The lease has a tenant break at year 20 and option to extend for a further 10 years. The 189 111 sq ft development is expected to complete in June 2019.



Shareholders are hereby advised that New Waverley 20 Ltd. entered into an agreement to dispose of the office land at New Waverley to Legal - General and to develop the pre-let office on a forward-sold basis for Legal - General (the ?Forward Funding Agreement?). The Forward Funding Agreement provides for funds to be drawn down by the Company, as developer, from Legal - General against development costs incurred. New Waverley 20 Ltd. will initially receive the land value of GBP20.8 million (approximately EUR23.5 million) upon disposal of the office land, with further development profits payable upon practical completion.



The transaction reflects the strong income stream, covenant strength and rare prime city centre development opportunity afforded by the New Waverley development. The risk-free nature of the income stream from the UK government lease and guarantee has attracted significant interest from large institutional investors. The disposal facilitates the recycling of capital into further opportunities as part of the Group?s stated investment strategy.
11-Oct-2017
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on Thursday, 5 October 2017, in respect of the distribution of EUR3.19 cents per share for the year ended 30 June 2017 (the ?Distribution?).



The Company announced that a total of 6 250 082 new shares (?New Shares?) were listed today on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE Ltd. (?JSE?) and were issued to those shareholders who did not elect to receive the Distribution in cash (?Cash Distribution?). The New Shares will rank pari passu in every respect with the existing listed shares of the Company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company and the listing thereof on both the LuxSE and the JSE, the total issued and listed share capital of the Company will increase to 564 008 369 ordinary no par value shares.



Certificated shareholders who did not elect to receive the Cash Distribution should note that share certificates were posted to shareholders today. Cheques in respect of the Cash Distribution were dispatched today to shareholders who elected to receive the Cash Distribution.
05-Oct-2017
(Official Notice)
Shareholders are referred to previous announcements relating to the final distribution for the year ended 30 June 2017 (the ?Distribution?), the last of which was released on 26 September 2017.



Where a shareholder will receive the Distribution by way of an issue of new ordinary shares in MAS, any entitlement which results in a fractional share will be rounded down to the nearest whole number, with a cash payment made to the relevant shareholder in respect of the fraction (?Cash Payment?).



In accordance with the requirements of the JSE Ltd., the value of a MAS share to be utilised in determining the Cash Payment due to shareholders has been determined with reference to the volume weighted average traded price of a MAS share on the JSE on Wednesday, 4 October 2017, discounted by 10%. On this basis, shareholders are advised that the gross value of a MAS share to be utilised in determining the Cash Payment due to shareholders is ZAR26.01. For shareholders on the European register, this gross value is EUR 1.64247, being the aforementioned Rand value converted to Euro at the Conversion Rate of EUR1.00: ZAR15.8359 announced on Tuesday, 26 September 2017.



The receipt of the Cash Payment may have tax implications for shareholders. For those South African resident shareholders receiving the Cash Payment, such amount may be regarded as a foreign dividend and, if it is, may be subject to South African dividends tax at a rate of 20%, unless an exemption as set out in the South African Income Tax legislation applies. For shareholders liable to pay dividends tax at the rate of 20%, the net value of a MAS share to be utilised in determining the Cash Payment due to shareholders is ZAR20.80.
28-Sep-2017
(Official Notice)
Shareholders are referred to the announcements published on 14 September 2017 detailing the opening and closing of a successful accelerated book build of ZAR 1.98 billion (the ?Book Build?). Prior to the Book Build, the total issued share capital was 480 216 299 ordinary no par value shares. The Company hereby announces that a total of 77 541 988 new shares (the ?Book Build Shares?) were listed today on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE Limited (?JSE?). The Book Build Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing. Following the issue and listing of the Book Build Shares, the total issued and listed share capital of the Company has increased to 557 758 287 ordinary no par value shares.
26-Sep-2017
(Official Notice)
Shareholders are referred to the distribution declaration announced on 13 September 2017 (the ?Distribution?) and are advised that shareholders on the South African share register who elect to receive the Distribution by way of a cash payment (the ?Cash Distribution?) in lieu of an issue of new ordinary shares of no par value in MAS (?New Shares?) will receive their Cash Distribution in South African rand converted from euro at the closing spot exchange as at Friday, 22 September 2017 of EUR1.00 : ZAR15.8359 (the ?Conversion Rate?). Accordingly, the Distribution of EUR3.19 cents per share will be equal to 50.51652 ZAR cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that EUR3.19 cents per share bears to the relevant share price (the ?Ratio Price?). The Ratio Price is a five percent discount to the five-day volume weighted average price of MAS shares on the JSE at the close of business on Friday, 22 September 2017, converted to euro at the Conversion Rate . The Ratio Price applicable to MAS shareholders is EUR166.79349 cents per share. Shareholders will receive New Shares in the ratio of 1.91254 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 6 October 2017.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local distribution amount is 50.51652 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is 40.41322 ZAR cents per share for shareholders liable to pay dividends tax at a rate of 20%.



Should all shareholders receive the New Shares, pursuant to a return of capital, the maximum amount of New Shares to be issued is 10 667 376. If all shareholders were to receive the Cash Distribution, the value of the Distribution would amount to EUR17 792 489.36 and would be funded from the company?s distributable reserves.
14-Sep-2017
(Official Notice)
Shareholders are advised that MAS has closed its book build announced earlier on 14 September 2017.



Following strong demand, MAS has raised approximately ZAR1.98 billion at a price of ZAR25.50 per share on the South African register and EUR1.63 per share on the Luxembourg register. The book build was significantly oversubscribed.



Subject to approval by the JSE and the Luxembourg Stock Exchange, the listing and trading of the new MAS shares is expected to commence at 09:00 on Thursday, 28 September 2017 on both exchanges.
14-Sep-2017
(Official Notice)
MAS announced an equity raise through the issue of new ordinary shares (?equity raise?). The equity raise is subject to pricing acceptable to MAS.



The equity raise will be offered to qualifying investors through a book build process (the ?book build?). Only qualifying investors are invited to participate in the book build. Investors may elect to subscribe for ordinary shares on the South African register in ZAR or elect to subscribe for shares on the Luxembourg register in EUR. The book build is now open and the Company reserves the right to close it at any time hereafter. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the book build.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing MAS shares in issue and will be fully fungible with effect from listing.
13-Sep-2017
(Official Notice)
11-Sep-2017
(Official Notice)
Shareholders are advised that a copy of a presentation to investors is available on the company?s website: www.masrei.com. This presentation provides an overview of the group?s growing portfolio and pipeline. MAS is listed on both the Main Board of the JSE and on the Euro MTF market of the Luxembourg Stock Exchange.
07-Sep-2017
(Official Notice)
MAS? 2017 Integrated Annual Report, incorporating the audited annual financial statements for the year ended 30 June 2017 and containing the Company?s Broad-Based Black Economic Empowerment annual compliance report is now available on the Company?s website: www.masrei.com. The notice of the annual shareholders? meeting of MAS will be posted to shareholders in due course.



Results presentation and company profile

Shareholders are advised that MAS has released an updated Company Profile document that provides a succinct overview of the business, its strategy and its progress which, together with the Results Presentation for the year ended 30 June 2017, is now available on the Company?s website: www.masrei.com



Distribution guidance

The Results Presentation available on the Company?s website confirms the previously issued distribution guidance, being a total distribution of 7.61 euro cents per share for the year ended 30 June 2018. This is based on the assumption that a stable macro-economic environment will prevail, that no major corporate failures will occur and that the investments and developments reported on in the Integrated Annual Report will progress in accordance with expectations. This forecast has not been reviewed or reported on by MAS? auditors.
07-Sep-2017
(C)
Rental income for the year shot up to EUR27 million (2016: EUR14.2 million). Net operating income jumped to EUR20.2 million (2016: EUR9.2 million), while profit for the year grew to EUR34.6 million (2016: EUR1.5 million). Headline earnings per share decreased to EUR0.15 cents per share (2016: EUR1.56 cents per share).



Distributions

The directors are pleased to propose a final distribution to shareholders for the period from 1 January to 30 June of EUR3.19 cents per share. Details of the distribution will follow in due course.







03-Aug-2017
(Official Notice)
On 2 March 2016, MAS announced that it had entered into a Development Joint Venture with Prime Kapital (?the Development JV?) focused on commercial opportunities in Central and Eastern Europe (?CEE?). The development opportunities acquired by and available to the Development JV have substantially exceeded initial expectations, with the Development JV now targeting in excess of EUR1 billion of high quality developments across CEE. In order to fund this pipeline, MAS has increased its commitment to the Development JV from EUR200 million to up to a maximum of EUR350 million of preference share capital, on the same terms as the previous commitment. MAS? equity stake in the Development JV remains at 40%. The increased commitment accompanies an expansion of the scope of the Development JV to include residential developments.



Residential opportunity

The shortage of modern, high quality residential accommodation in capital cities across CEE provides a further opportunity to benefit from high growth markets in which the purchasing power of residents is increasing strongly. The Prime Kapital team is well placed to leverage its experience in CEE to exploit this opportunity. Profits from the sale of completed residential developments will be used to support and drive distributions and distribution growth in the periods ahead.
13-Jul-2017
(Official Notice)
Shareholders are advised that MAS has, through a wholly-owned subsidiary, New Waverley 20 Ltd., entered into an agreement for lease with the UK government (respectively, the ?Agreement? and the ?Tenant?) for the office component of the New Waverley development in Edinburgh, Scotland.



The lease, along with a UK government guarantee, is for a term of 25 years, commencing upon practical completion of the development, with a Tenant break at year 20. The Agreement includes options to the Tenant to extend the lease for up to a further 10 years. The 189,111 sq ft development is expected to complete in June 2019.



In addition, the Tenant has an option to lease a further 30 000 sq ft of office space, exercisable within 2 years, on the same terms as those contained in the Agreement.



This significant pre-letting continues the momentum of New Waverley?s final development phase which will see high quality office space and apartments blend with restaurants, cafes and shops around a new public square. The site seamlessly links Waverley Station with the Edinburgh?s Royal Mile, forming part of the Edinburgh old town?s UNESCO World Heritage site. During the last 2 years, New Waverley has delivered 400 hotel rooms, including two Whitbread hotels ? a Premier Inn and a Hub by Premier Inn ? as well as an Adagio Aparthotel overlooking the Royal Mile together with 21 retail units.
30-Jun-2017
(Official Notice)
Shareholders are advised that Glynnis Carthy (CA (SA)) has been appointed as an independent non-executive director of the company.



Glynnis is an Independent Financial Reporting Advisor, with experience as a member of the Financial Reporting Investigations Panel of the JSE; as a committee member of SAICA?s Accounting Practices Committee; and in providing training on IFRS and the implications of the JSE Listings Requirements related to corporate actions and headline earnings per share. She was previously a committee member of SAICA?s Assessment of Professional Competence (APC) and currently leads the team that reviews the Professional Programme Providers whose courses are a pre-requisite for candidates that write the APC exam.



Glynnis will take over as chair on both the Audit and Risk Committees.
22-Jun-2017
(Official Notice)
Shareholders are advised that a copy of a presentation to investors is available on the company?s website: www.masrei.com. This presentation provides details relating to the group?s growing pipeline.



15-Jun-2017
(Official Notice)
MAS announces that Lukas Nakos has informed the board of his intention to step down from his responsibilities as chief executive officer before the end of the next financial year. This decision was taken to allow Lukas to continue his defence of the ongoing regulatory action against him in the Isle of Man concerning directorships that are unrelated to and that pre-date the establishment of MAS, as announced by the company on 24 June 2016. Lukas continues to enjoy the support of the board and whilst there are no implications for the group from the actions pursued by the regulator, the disruptive effect of the legal proceedings and the impact of this on Lukas? role as CEO of MAS, and his personal life, has brought Lukas to the decision to step down. Lukas believes this to be in the best interests of the company and a necessary step to enable him to continue his defence against the proceedings. The board regretfully takes notice of Lukas' decision and wishes to extend its gratitude for the capable leadership Lukas has provided to the business for the past 8 years.



The strategy of the group remains unchanged and Lukas continues to operate with the full support of the board until a suitable candidate who can continue to drive the current strategy forward has been appointed and inducted. Further announcements regarding succession will be made as and when appropriate.

19-Apr-2017
(Official Notice)
30-Mar-2017
(Official Notice)
Shareholders are referred to the announcement published on 17 March 2017 detailing the opening and closing of a successful accelerated book build of ZAR 1.75 billion (approximately EUR 128 million) (the ?Book Build?). Prior to this, the total issued share capital was 393 433 836 ordinary no par value shares. The company hereby announces that a total of 83 333 332 new shares were listed today on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE Ltd. (?JSE?) (the ?Book Build Shares?). The Book Build Shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Distribution eIection for the six month period ended December 2016

Further to the announcement released on 23 March 2017, in respect of the distribution of EUR2.66 cents per share for the six month period ended 31 December 2016 (the ?Distribution?). The company hereby announces that a further 3 449 131 new shares were also listed today, 30 March 2016, on both the LuxSE and the JSE and were issued to those shareholders who did not elect to receive the Distribution in cash (the ?Distribution Shares?). The Distribution Shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Following the issue of the Book Build Shares and the Distribution Shares in the company, the total issued share capital of the company will increase to 480 216 299 ordinary no par value shares.



Certificated shareholders who did not elect to receive the cash distribution should note that share certificates were posted to shareholders today, 30 March 2016. Cheques in respect of the cash distribution were dispatched today to shareholders who elected to receive the cash distribution.



Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.



Shareholders are advised that the Detailed Listing Particulars, which provides information on the company and the Book Build and which makes reference to the Book Build Shares and the Distribution Shares, are available on the company?s website at www.masrei.com.
23-Mar-2017
(Official Notice)
Shareholders are referred to previous announcements relating to the interim distribution for the six month period ended 31 December 2016 (the ?Distribution?), the last of which was released on 13 March 2017. Where a shareholder will receive the Distribution by way of an issue of new ordinary shares in MAS, any entitlement which results in a fractional share will be rounded down to the nearest whole number, with a cash payment made to the relevant shareholder in respect of the fraction (?Cash Payment?).



In accordance with the requirements of the JSE Ltd., the value of a MAS share to be utilised in determining the Cash Payment due to shareholders has been determined with reference to the volume weighted average traded price of a MAS share on the JSE on 22 March 2017, discounted by 10%. On this basis, shareholders are advised that the gross value of a MAS share to be utilised in determining the Cash Payment due to shareholders is R19.53985. For shareholders on the European register, this gross value is EUR 1.38895, being the aforementioned Rand value converted to Euro at the Conversion Rate of EUR1.00:ZAR14.06810 announced on 13 March 2017.



The receipt of the Cash Payment may have tax implications for shareholders. For those South African resident shareholders receiving the Cash Payment, such amount may be regarded as a foreign dividend and, if it is, may be subject to South African dividends tax at a rate of 20%, unless an exemption as set out in the South African Income Tax legislation applies. For shareholders liable to pay dividends tax at the rate of 20%, the net value of a MAS share to be utilised in determining the Cash Payment due to shareholders is R15.63188.



Example of scrip dividend entitlement:

Assuming that a shareholder holds 100 MAS shares at the close of business on the record date, being Friday, 24 March 2017, and will receive the Distribution by way of an issue of new ordinary shares in MAS in respect of all of their shareholding, such shareholder is entitled to receive 1.74006 new MAS shares. Applying the rounding principles above, such shareholder will receive 1 new MAS share and a Cash Payment (after tax) in respect of the fractional entitlement of 0.74006 x R15.63188 = R11.56853.



The salient dates and times announced on 13 March 2017 remain unchanged.

17-Mar-2017
(Official Notice)
Shareholders are advised that MAS has closed its book build announced earlier today. Following strong demand, MAS has raised ZAR1.75 billion (approximately EUR128 million) at a price of ZAR21.00 per share on the South African register and EUR1.53 per share on the Luxembourg register. Subject to approval by the JSE and the LuxSE, the listing and trading of the new MAS shares is expected to commence at 09:00 on Thursday, 30 March 2017 on both exchanges.
17-Mar-2017
(Official Notice)
Shareholders are referred to the Company?s condensed consolidated interim financial statements and results presentation for the six-month period ended 31 December 2016 wherein it referred to its high quality development pipeline across western Europe and its expansion into Central and Eastern Europe (?CEE?) in two joint ventures with Prime Kapital, a development joint venture and a co-investment joint venture focused on income-generating assets. MAS proposes raising capital in order to partly fund the pipeline and to position itself for investment pursuant to its CEE strategy. Accordingly, MAS announces an equity raise through the issue of new ordinary shares (?equity raise?). The equity raise is subject to pricing acceptable to MAS.



The equity raise will be offered to qualifying investors through a book build process (the ?book build?). Only qualifying investors are invited to participate in the book build. Investors may elect to subscribe for ordinary shares on the South African register in ZAR or elect to subscribe for shares on the Luxembourg register in EUR. The book build is now open and the Company reserves the right to close it at any time hereafter. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the book build.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing MAS shares in issue and will be fully fungible with effect from listing. The shares will be issued ex entitlement to the interim distribution for the six months ended 31 December 2016. Shareholders are referred to the announcement released on Monday, 13 March 2017 in this regard.
14-Mar-2017
(Official Notice)
Further to the announcement released on Friday 10 March 2017, shareholders are hereby advised that a total of 12 850 000 new ordinary shares of no par value (?New Shares?) were listed today on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE Ltd. (?JSE?). The new shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing. Following the issue of the new shares in the company, the total issued share capital of the company will increase to 393 433 836 ordinary shares of no par value.



MAS is dual primary listed on the Main Board of the JSE and the Euro MTF market of the LuxSE.



13-Mar-2017
(Official Notice)
Shareholders are referred to the announcement released on Monday, 6 March 2017 regarding the interim distribution for the six month period ended 31 December 2016 (the ?Distribution?) and are advised that shareholders on the South African share register who elect to receive the Distribution by way of a cash payment (the ?Cash Distribution?) in lieu of an issue of new ordinary shares of no par value in MAS (?New Shares?) will receive their Cash Distribution in South African rand converted from euro at an exchange rate of EUR1.00 : ZAR14.0681 (the ?Conversion Rate?). Accordingly, the Distribution of 2.66 euro cents per share will be equal to ZAR37.42115 cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that the Distribution bears to the reference price of ZAR21.50569, being a five percent discount to the five-day volume weighted average price of MAS shares on the JSE on Friday, 10 March 2017, converted to euro at the Conversion Rate. Shareholders will receive New Shares in the ratio of 1.74006 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 24 March 2017.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local distribution amount is ZAR37.42115 cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is ZAR29.93692 cents per share for shareholders liable to pay the dividend?s tax rate of 20%.



Should all shareholders elect to receive the return of capital, the maximum total number of New Shares to be issued pursuant to the return of capital would be approximately 6 845 985 New Shares. If all shareholders were to receive the Cash Distribution, the value of the Distribution would amount to EUR10 465 340 and will be funded from the company?s distributable reserves.



MAS is dual primary listed on the Main Board of the JSE and the Euro MTF Market of the LuxSE.
06-Mar-2017
(Official Notice)
28-Feb-2017
(Media Comment)
Business Report highlighted that MAS Real Estate reported significant progress in expanding its acquisitions and development pipeline, resulting in the company re-affirming its confidence in achieving close to its target of recurring distributable earnings a share growth of 30 percent a year for this and the next two years. MAS chief executive Lukas Nakos said the group had secured a further large acquisition in CEE in excess of EUR50 million, with significant value add potential. Mr Nakos said substantial further opportunities were being explored. Mr Nakos further added that MAS's income- generating and development joint ventures with Prime Kapital in CEE had unlocked exciting opportunities in Slovenia, Poland and Romania including several other CEE countries..
27-Feb-2017
(Official Notice)
Further to the release of the company?s condensed consolidated interim financial statements for the six-month period ended 31 December 2016, shareholders are advised that a results presentation by teleconference call will take place today, Monday, 27 February 2016 at 12am (UK time)/2pm (SA time). Dial-in details are available on the company?s website.



The results presentation is also now available on the company?s website: www.masrei.com



Company profile

Shareholders are advised that the company has today released an updated company Profile document that provides a succinct overview of the business, its strategy and its progress. This is now available on the company?s website: www.masrei.com
27-Feb-2017
(C)
Rental income grew to EUR11.1 million (2015: EUR6.6 million). Net operating income rose to EUR8.1 million (2015: EUR2.7 million) whilst loss for the year attributable to owners of the group was recorded at EUR397 549 (2015: profit of EUR1.3 million). Headline loss per share was EUR0.38 cents per share (2015: headline earnings per share of EUR1.09 cents per share).



Distribution

The board of directors has proposed a distribution of EUR2.66 cents per share in respect of the six-months ended 31 December 2016, which includes an amount of EUR1.49 million of reserves. This distribution represents an increase of 19.3% over the EUR2.23 cents per share distribution declared in relation to the six-months to 30 June 2016. Shareholders continue to have the option to receive the distribution in cash or as a return of capital by way of an issue of new shares. Further details regarding the distribution will follow in due course.



Prospects

Given the secured development pipeline and further potential developments being pursued, the board is confident that the group is well placed to achieve recurring distributable earnings per share in close proximation to its targeted growth in distribution per share of 30% per annum for the current and following two years. Guidance for the final distribution in the current financial year is EUR3.19 cents per share, on the assumption that a stable macro-economic environment will prevail, that no major corporate failures will occur and that the investments and developments reported on above will progress in accordance with expectations. Budgeted rental income is based on contractual escalations and market related renewals. This forecast has not been audited or reviewed by our auditors.



MAS will continue to pursue profitable growth through further acquisition and development opportunities in its markets. Further announcements will be made as appropriate.

20-Feb-2017
(Official Notice)
The Company announced that, at the annual shareholders? meeting held on Friday, 17 February 2017, all of the resolutions tabled thereat were passed by the requisite majority of MAS shareholders.
20-Feb-2017
(Official Notice)
Shareholders are advised that MAS anticipates that its interim distribution per share for the six-month period ended 31 December 2016 will be between EUR2.62 cents and EUR2.70 cents, being between 15.4% and 18.9% higher than the interim distribution per share of EUR2.27 cents for the six-month period ended 31 December 2015. This distribution per share is in line with the company?s expectation of 30% growth for the year.



MAS pays a distribution twice per year. The final distribution per share for the year ended 30 June 2016 was EUR2.23 cents. The total distribution per share for the year ended 30 June 2016 was therefore EUR4.5 cents per share.



The financial results for the six-month period ended 31 December 2016 will be published on 27 February 2017.
20-Jan-2017
(Official Notice)
Shareholders are referred to the announcement released on 29 December 2016 and are advised that the notice of the annual shareholders? meeting of MAS was dispatched to shareholders today, Friday, 20 January 2017. The notice of the annual shareholders? meeting contains various proposals, the rationale of which is explained in the accompanying letter to shareholders. The notice of annual shareholders? meeting together with the documents referred to therein, are available on the Company?s website, www.masrei.com. The annual shareholders? meeting for MAS shareholders will be held at 2nd Floor, Clarendon House, Victoria Street, Douglas, Isle of Man on 17 February 2017 at 10am GMT. The last day to trade in order to be eligible to participate in and vote at the annual shareholders? meeting is 7 February 2017 and the record date for voting purposes is 10 February 2017.

29-Dec-2016
(Official Notice)
Shareholders are advised that a notice of the annual shareholders? meeting of MAS will be posted to shareholders and will be available on the company?s website: www.masrei.com, on or before 20 January 2017.



The annual shareholders? meeting for MAS shareholders will be held at 2nd Floor, Clarendon House, Victoria Street, Douglas, Isle of Man on 17 February 2017 at 10am GMT.



The last day to trade in order to be eligible to participate in and vote at the annual shareholders? meeting is 7 February 2017 and the record date for voting purposes is 10 February 2017.



MAS holds a dual primary listing on the Main Board of the JSE and the Euro MTF Market of the LuxSE.
18-Nov-2016
(Official Notice)
02-Nov-2016
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 27 October 2016, in

respect of the distribution of EUR2.23 cents per share for the year ended 30 June 2016 (the ?Distribution?). The Company announced that a total of 6 317 591 new shares (?New Shares?) were listed on 2 November 2016 on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE and were issued to those shareholders who did not elect to receive the Distribution in cash (?Cash Distribution?). The New Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company, the total issued share capital of the Company will increase to 380 583 836 ordinary no par value shares.



Certificated shareholders who did not elect to receive the Cash Distribution should note that share certificates were posted to shareholders today. Cheques in respect of the Cash Distribution were dispatched today to shareholders who elected to receive the Cash Distribution. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.
27-Oct-2016
(Official Notice)
Shareholders are referred to previous announcements relating to the final distribution for the year ended 30 June 2016 (the ?Distribution?), the last of which was released on 18 October 2016.



Where a shareholder will receive the Distribution by way of an issue of new ordinary shares in MAS, any entitlement which results in a fractional share will be rounded down to the nearest whole number, with a cash payment made to the relevant shareholder in respect of the fraction (?Cash Payment?).



In accordance with the requirements of the JSE Limited, the value of a MAS share to be utilised in determining the Cash Payment due to shareholders has been determined with reference to the volume weighted average traded price of a MAS share on the JSE on 26 October 2016, discounted by 10%. On this basis, shareholders are advised that the gross value of a MAS share to be utilised in determining the Cash Payment due to shareholders is R19.35670. For shareholders on the European register, this gross value is EUR1.23659, being the aforementioned Rand value converted to Euro at the Conversion Rate of EUR1.00 : ZAR15.6533 announced on 18 October 2016.



The receipt of the Cash Payment may have tax implications for shareholders. For those South African resident shareholders receiving the Cash Payment, such amount may be regarded as a foreign dividend and, if it is, may be subject to South African dividends tax at a rate of 15%, unless an exemption as set out in the South African Income Tax legislation applies. For shareholders liable to pay dividends tax at the rate of 15%, the net value of a MAS share to be utilised in determining the Cash Payment due to shareholders is R16.45319.



Example of scrip dividend entitlement:

Assuming that a shareholder holds 100 MAS shares at the close of business on the record date, being Friday, 28 October 2016, and will receive the Distribution by way of an issue of new ordinary shares in MAS in respect of all of their shareholding, such shareholder is entitled to receive 1.76232 new MAS shares. Applying the rounding principles above, such shareholder will receive 1 new MAS share and a Cash Payment (after tax) in respect of the fractional entitlement of 0.76232 x R16.45319 = R12.54260.



There is no withholding tax payable in the British Virgin Islands.



The salient dates and times announced on 11 October 2016 remain unchanged.
18-Oct-2016
(Official Notice)
Shareholders are referred to the announcement released on Tuesday, 11 October 2016 regarding the final distribution for the year ended 30 June 2016 (the ?Distribution?) and are advised that shareholders on the South African share register who elect to receive the Distribution by way of a cash payment (the ?Cash Distribution?) in lieu of an issue of new ordinary shares of no par value in MAS (?New Shares?) will receive their Cash Distribution in South African rand converted from euro at an exchange rate of EUR1.00 : ZAR15.6533 (the ?Conversion Rate?). Accordingly, the Distribution of EUR2.23 cents per share will be equal to ZAR34.90686 cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that the Distribution bears to the reference price of ZAR19.80720, being the five-day volume weighted average price of MAS shares on the JSE on Friday, 7 October 2016, converted to euro at the conversion rate (?Reference Price?) as applicable. Shareholders will receive New Shares in the ratio of 1.76232 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 28 October 2016.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local distribution amount is to ZAR34.90686 cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is ZAR29.67083 cents per share for shareholders liable to pay the dividend?s tax rate of 15%.



Should all shareholders elect to receive the return of capital, the maximum total number of New Shares to be issued pursuant to the return of capital would be approximately 6 595 769. If all shareholders were to receive the Cash Distribution, the value of the Distribution would amount to EUR8 346 137.
11-Oct-2016
(Official Notice)
03-Oct-2016
(Official Notice)
Proposed acquisition

Shareholders are advised that MAS has entered into negotiations to acquire a dominant regional shopping centre in central and eastern Europe (?the acquisition?).



If concluded, the acquisition will be categorised as a Category 2 transaction under the JSE Listings Requirements.



Co-investment partnership with Prime Kapital

The acquisition is to be undertaken under the terms of a co-investment agreement between MAS and Prime Kapital Ltd.



Cautionary announcement

If successful the finalisation and implementation of the acquisition may have a material effect on the price of the company?s securities and therefore shareholders are advised to exercise caution when dealing in the company?s securities until a further announcement is made.
28-Sep-2016
(Official Notice)
Shareholders are advised that the Company?s integrated annual report (the ?IAR?), incorporating the group?s audited financial statements for the year ended 30 June 2016, was dispatched to shareholders today and contains no changes from the audited annual financial statements which were released on SENS and the LuxSE website on 9 September 2016. The IAR is now available on the Company?s website (www.masrei.com). A notice for the annual general meeting of MAS shareholders will follow in due course.
09-Sep-2016
(Official Notice)
Further to the release of the Company?s condensed preliminary consolidated financial statements for the year ended 30 June 2016, shareholders are advised that a results presentation by teleconference call will take place on Friday, 9 September 2016 at 11am (UK time)/12pm (SA time). Dial-in details are available on the Company?s website. The results presentation is also now available on the Company?s website: www.masrei.com



Company profile

Shareholders are advised that the Company has treleased a Company Profile document that provides a succinct overview of the business, its strategy and its progress. This is now available on the Company?s website: www.masrei.com
09-Sep-2016
(C)
Rental income for the year shot up to EUR14.2 million (2015: EUR8.7 million). Net operating income jumped to EUR9.2 million (2015: EUR3.6 million), however profit for the year plunged to EUR1.5 million (2015: EUR48.5 million), while headline earnings per share slumped to EUR1.56 cents per share (2015: EUR14.52 cents per share).



Distributions

The directors proposed a final distribution of EUR2.23 cents per share, bringing the distribution for the year to EUR4.50 cents per share. This represents an increase of 34% on the previous year. Details of the distribution will follow in due course.



Outlook

The 2016 results have resulted in a substantially increased distribution per share for the year. Importantly, the group is now in the final stages of completing its initial portfolio construction, and shareholders will start to benefit from the effects of an efficiently invested, and optimally geared, portfolio. The board is confident that the group is well positioned for strong distribution per share growth in the reporting periods to follow. Whilst remaining vigilant towards movements in our investment markets, we are excited at the prospect of our expansion strategy, and the performance that this will generate in the years to come.
07-Sep-2016
(Official Notice)
Further to the announcement made on 5 April 2016, shareholders are advised that MAS has, through three wholly-owned subsidiaries, Brandenburg Capital S.?.r.l., Magdeburg Capital S.?.r.l. and Leipzig Capital S.?.r.l., completed the acquisition of a portfolio of twenty properties (the ?properties?) throughout northern and central Germany (the ?acquisition?).



Rationale and salient terms of the acquisition

There are no changes to the rationale and salient terms of the acquisition which were set out in the announcement on 5 April 2016. The purchase price for the properties is EUR56 010 400 and the annual rent roll from the tenant, Edeka MIHA AG, is EUR3 849 000 per annum.



Effective date

The acquisition was completed in two phases. Phase 1, Brandenburg Capital S.?.r.l., completed on 31 July 2016 and phase 2, Magdeburg Capital S.?.r.l., and Leipzig Capital S.?.r.l., completed on 31 August 2016.
01-Sep-2016
(Official Notice)
Shareholders are advised that MAS anticipates that its total distribution per share for the year ended 30 June 2016 will be between EUR4.40 and EUR4.50 cents, being between 31.3% and 34.3% higher than the total distribution per share of EUR3.35 euro cents for the year ended 30 June 2015.



MAS pays a distribution twice per year. The interim distribution per share for 2016 amounted to EUR2.27 cents. The final distribution per share will therefore be between 2.13 and 2.23 euro cents.



The financial results for the year ended 30 June 2016 will be published on or about 9 September 2016.
24-Aug-2016
(Official Notice)
Shareholders are advised that MAS has disposed of 60 000 000 Sirius Real Estate Ltd. (?Sirius?) shares (the ?disposed shares?) for a total approximate cash consideration of EUR29.5m. The disposed shares were placed on the market to various institutional investors by way of a bookbuild process.



Rationale for the disposal and application of sale proceeds

MAS is in the process of positioning itself to take advantage of new acquisition opportunities and, as a consequence, has realised some of its investment in Sirius.



Description of the business of Sirius

Sirius is a real estate company with a portfolio of 33 business parks across Germany, providing a combination of conventional and modern, flexible workspace. Sirius is listed on the AIM of the London Stock Exchange and the Alternative Exchange of the JSE.



Financial information

The most recent published audited net asset value of Sirius as at 31 March 2016 was 53.35 Euro cents per share (disposed shares equivalent: EUR32.01m). For the year ended 31 March 2016, Sirius generated profits after tax of EUR54.688m (disposed shares equivalent: EUR3.9m).



Effective date and conditions precedent

The effective date of the disposal is 22 August 2016 and there are no outstanding conditions precedent.



Categorisation of the transaction

The disposal is categorised as a Category 2 transaction under the JSE Listings Requirements.
16-Aug-2016
(Official Notice)
Shareholders are advised that MAS, through its wholly-owned subsidiary, Incantada Capital S.?.r.l., has completed the acquisition of a logistics centre (the property) in Munich, Germany.



The purchase price of the property is EUR10 500 000. The property is currently leased to Volkswagen AG until December 2018, after which MAS may relet or redevelop the site. MAS is of the view that this property, given its location and size, has good asset management potential and fits with the long term strategy of achieving growing income returns. The current annual rent roll is EUR885 692 per annum and the property is expected to deliver an average of 6.99% core income after costs and income tax.



DETAILS OF THE PROPERTY

Property location : Wasserburger Landstrasse 133, Munich, Germany

Sector : Logistics

Rentable area : approx. 13 090 sqm; (site size 28 142 sqm)

Weighted average rental per month per m2 : EUR 5.64

Value attributable to the property: EUR11 900 000



The effective date of the acquisition is 12 August 2016.
29-Jul-2016
(Official Notice)
Shareholders are referred to the announcement published on 22 July 2016, wherein it was detailed that the Company had successfully raised ZAR500 million (approximately EUR31,8 million) pursuant to an accelerated book build. Shareholders are now advised that pursuant to the accelerated book build, 25 641 026 new shares of no par value in MAS (the ?new shares?) have been issued and will be listed today, 29 July 2016 on the LuxSE and the JSE. Following the issuing of the new shares, the issued share capital of MAS will comprise 374 266 245 shares. MAS is dual primary listed on the Main Board of the JSE and the Euro MTF Market of the LuxSE.

22-Jul-2016
(Official Notice)
Shareholders are advised that the book build MAS announced earlier today has closed and MAS has raised R500 million (approximately EUR31.8 million) through a placement, which was oversubscribed, of new ordinary shares on the South African register at R19.50 per share and on the Luxembourg register at EUR1.2412 per share.



Subject to approval by the JSE and the LuxSE, the listing and the trading of the new MAS shares is expected to commence at 09h00 on Friday, 29 July 2016 on both exchanges.



22-Jul-2016
(Official Notice)
Shareholders are referred to the company?s announcement on 24 March 2016 of its acquisition of a portfolio of properties in Germany let to Edeka Handelsgesellschaft S?dwest, a leading supermarket brand (the ?acquisition?) for a purchase price of EUR28 390 000. The acquisition has now closed and MAS proposes raising capital in order to partly fund the acquisition and to position itself for investment pursuant to its CEE strategy.



MAS will release its annual results for the year ended June 2016 in mid-September and does not expect to be required to issue any trading up-date in advance of the release of its results.



Accordingly, MAS announces an equity raise through the issue of new ordinary shares (?equity raise?). The equity raise is subject to pricing acceptable to MAS.



The equity raise will be offered to qualifying investors through an accelerated book build process (the ?book build?). Only qualifying investors are invited to participate in the book build. The book build is now open and the company reserves the right to close it at any time hereafter. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the book build.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing MAS shares in issue and will be fully fungible with effect from listing.
24-Jun-2016
(Official Notice)
Lukas Nakos, the CEO of MAS, has advised the board of directors that he has been included as a party to regulatory directors? disqualification proceedings in the Isle of Man. These proceedings arise from directorships held by Lukas prior to and until June 2008. The allegations are unrelated to and pre-date the establishment of MAS. Lukas has advised the board that, as regards his conduct as a director more than eight years ago, he is strongly defending the allegations against him and he does not consider there to be any grounds upon which he may be disqualified to act as a director in the Isle of Man. He has taken legal advice to protect his position.



The board of MAS has considered the governance and management of the company and remains firmly of the view that Lukas? conduct and performance of his duties as a director and CEO has been exemplary in all respects and the board and majority shareholders of MAS continue to support him.



MAS has retained independent legal advisors regarding the disqualification proceedings against Lukas and will continue to monitor progress and provide further updates as and when appropriate.



14-Jun-2016
(Official Notice)
Shareholders are referred to the announcement published on 10 June 2016 detailing the availability of an investor presentation which was presented to members of the investment community in the United Kingdom on Friday, 10 June 2016 (?investor presentation?). Shareholders are advised that the investor presentation has been updated and the updated investor presentation is available on the Company?s website at www.masrei.com.

10-Jun-2016
(Official Notice)
Shareholders are advised that a copy of the investor presentation, which will be presented to members of the investment community in the United Kingdom on Friday, 10 June 2016 is available on the Company's website at www.masrei.com.

28-Apr-2016
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 8 April 2016, in respect of the distribution of 2.27 euro cents per share for the six months ended 31 December 2015 (the ?Distribution?).



The company hereby announces that a total of 3 004 004 new shares (?New Shares?) were listed today on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE Ltd. (?JSE?) and were issued to those shareholders who did not elect to receive the Distribution in cash (?Cash Distribution?). The New Shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Following the issue of the New Shares in the company, the total issued share capital of the company will increase to 348 625 219 ordinary no par value shares.



Certificated shareholders who did not elect to receive the Cash Distribution should note that share certificates were posted to shareholders today. Cheques in respect of the Cash Distribution were dispatched today to shareholders who elected to receive the Cash Distribution.



Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.
08-Apr-2016
(Official Notice)
Shareholders are referred to the distribution declaration announced on Wednesday, 30 March 2016 (the ?Distribution?) and are advised that shareholders on the South African share register who elect to receive the Distribution by way of a cash payment (the ?Cash Distribution?) in lieu of an issue of new ordinary shares of no par value in MAS (?New Shares?) will receive their Cash Distribution in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : ZAR17.3170 on Thursday, 7 April 2016. Accordingly, the Distribution of 2.27 euro cents per share will be equal to ZAR39.30959 cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that 2.27 euro cents per share bears to the relevant share price (the ?Ratio Price?). The Ratio Price is a five percent discount to the five-day volume weighted average price of MAS shares on the JSE at the close of business on Thursday, 7 April 2016, converted to euro at the closing spot exchange rate of EUR1.00 : ZAR17.3170 on Thursday, 7 April 2016. The Ratio Price applicable to MAS shareholders is EUR125.97632 cents per share. Shareholders on the South African share register will receive New Shares in the ratio of 1.80193 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 22 April 2016.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local distribution amount is ZAR39.30959 cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is ZAR33.41315 cents per share for shareholders liable to pay the dividend?s tax rate of 15%.



Should all shareholders receive the New Shares, the maximum amount to be capitalised from retained earnings in order for the New Shares to be fully paid up is EUR7 845 620.26 and this would include New Shares to be issued as a result of the accelerated book build announced yesterday.
07-Apr-2016
(Official Notice)
MAS has raised a total of EUR38 million (approximately ZAR656 million) through the placing of a total of 29 848 136 new ordinary shares (the ?new shares?). The equity raise was substantially oversubscribed at this level. The new shares will be issued on the South African register at ZAR22.00 per share and on the Luxembourg register at EUR1.2731 per share. Subject to approval by the JSE and the LuxSE, the listing and the trading of the new MAS shares is expected to commence at 09h00 on Friday, 15 April 2016 on both exchanges.
07-Apr-2016
(Official Notice)
MAS announced an equity raise through the issue of new ordinary shares (?equity raise?). The equity raise is subject to pricing acceptable to MAS.



The equity raise will be offered to qualifying investors through an accelerated book build process (the ?book build?). Only qualifying investors are invited to participate in the book build. The book build is now open and the Company reserves the right to close it at any time hereafter. Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the book build.



The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing MAS shares in issue and will be fully fungible with effect from listing.
05-Apr-2016
(Official Notice)
30-Mar-2016
(Official Notice)
24-Mar-2016
(Official Notice)
Shareholders are advised that MAS, through its wholly-owned subsidiary, Instrumento Capital S.a.r.l., has concluded a sale and purchase agreement to acquire three freehold buildings (the ?properties?) in Germany from KR Real Estate GmbH - Co. KG (the ?acquisition?).



Rationale and salient terms

The purchase price for the acquisition is EUR28 390 000, which is anticipated to be settled out of cash resources. The properties comprise three cash and carry outlets let to Edeka Handelsgesellschaft S?dwest mbH, a leading supermarket brand, with a total lettable area of 21 844 sq mt. including approximately 640 parking spaces and weighted average lease term of over 14 years. The board of MAS is of the view that this acquisition enhances the overall property portfolio of MAS and the strong tenant covenant fits well with the Company's objective of delivering a growing income distribution. The current annual rent roll of the properties is EUR2 065 758 per annum and the properties are expected to deliver an average of 6.9% core income after costs, gearing and income tax.



Effective date and conditions precedent

The effective date of the acquisition is anticipated to be by the end of June 2016 and is subject to various closing conditions which are regarded as commercially sensitive but not material to MAS and therefore have not been announced.
11-Mar-2016
(Official Notice)
Shareholders are advised that, with effect from 10 March 2016, Dewald Joubert has resigned from his position as an alternate non-executive director to Pierre Goosen.
11-Mar-2016
(Official Notice)
Shareholders are referred to the announcement published on the LuxSE website and JSE SENS on 3 October 2013 and the listing particulars issued on 12 December 2013, wherein it was detailed that the Company had entered into agreement to acquire shares (?the Acquisition?) in Karoo Investment Fund S.C.A SICAV-SIF and Karoo Investment Fund II S.C.A SICAV-SIF (collectively, ?the Karoo Funds?). The agreement provided that if the realised proceeds attributable to MAS were greater than the net asset value of the Karoo Funds at the June 2013 reference date, an adjustment would be made to the purchase consideration for the acquisition, which would be settled through the issuance of new MAS shares to the vendor of the Karoo Funds.



Accordingly, shareholders are advised that the board of the Company has approved the issue of 21 317 449 MAS shares of no par value at an issue price of EUR1.32087 per share (or R22.456 per share on the South African register) ("the Additional MAS Shares") to settle the purchase consideration for the Acquisition. The Additional MAS Shares have been issued and listed on Friday, 11 March 2016 on the LuxSE and the JSE. Following the issue of the Additional MAS Shares, the issued share capital of MAS will comprise 315 773 079 shares. MAS is listed on the Euro MTF Market of the LuxSE and on the Main Board of the JSE.
02-Mar-2016
(Official Notice)
29-Feb-2016
(C)
Revenue from rental income soared to EUR6.6 million (2014: EUR2.6 million). Net operating income increased to EUR2.7 million (2014: EUR45 453), profit for the period attributable to the owners of the group dropped to EUR1.3 million (2014: EUR19.1 million), while headline earnings per share was higher at EUR1.17 cents per share (2014: EUR1.09 cents per share).



Distribution

The directors are pleased to propose an interim distribution to shareholders of EUR6 694 702 or EUR2.27 cents per share based upon the number of shares in issue at the period end. Details of the distribution will follow in due course.
19-Feb-2016
(Official Notice)
Shareholders are advised that the company?s condensed interim consolidated results for the six months ended 31 December 2015 will be released on the Stock Exchange News Service ("SENS") of the Johannesburg Stock Exchange ("JSE") and the Luxembourg Stock Exchange ("LuxSE") on Monday, 29 February 2016, at 10am GMT (12pm SA time). In addition, a summary results presentation will be placed on the company's website: www.masrei.com.



A results presentation by teleconference will take place on Monday, 29 February 2016, at 1 pm GMT (3 pm SA time) and investors are invited to participate in the teleconference. This teleconference is by pre- registration only. Details for pre-registration can be found on the company?s website: www.masrei.com, or by contacting the company secretary: helen@masrei.com.



Trading statement

Accordingly, shareholders are advised that MAS anticipates that its distribution per share for the six months ended 31 December 2015 will be between 2,16 euro cents and 2,38 euro cents per share, being between 87,52% and 107,26% higher than the distribution of 1,15 euro cents per share for the six months ended 31 December 2014.



The forecast financial information has not been reviewed and reported on by the Company?s auditors.



The financial results for the six months ended 31 December 2015 will be published on 29 February 2016.

29-Jan-2016
(Official Notice)
The company announces that the annual shareholders? meeting was held on Thursday, 28 January 2016 (in terms of the notice of annual shareholders? meeting dispatched to shareholders on 14 September 2015). All of the resolutions tabled thereat were passed by the requisite majority of MAS shareholders.



Details of the results of voting at the annual shareholders? meeting are as follows:

*total number of MAS shares that could have been voted at the annual general meeting: 294,455,630; and

*total number of MAS shares that were present/represented at the annual general meeting: 234,515,980 being 79.6% of the total number of MAS shares that could have been voted at the annual general meeting.
11-Nov-2015
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 23 October 2015, in respect of the Company?s final distribution of 2.20 euro cents per share for the year ended 30 June 2015 (the ?Distribution?).



The Company announced that a total of 2 667 741 new shares (?New Shares?) were listed on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the Main Board of the JSE Ltd. (?JSE?) on the 11th of November 2015, and were issued to those shareholders who did not elect to receive the Distribution in cash (?Cash Distribution?). The New Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company, the total issued share capital of the Company will increase to 294 455 630 ordinary shares.



Certificated shareholders who did not elect to receive the Cash Distribution should note that share certificates were posted to shareholders on the 11th of November 2015. Cheques in respect of the Cash Distribution were dispatched on the 11th of November 2015 to shareholders who elected to receive the Cash Distribution. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.



MAS is listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the Main Board of the JSE.
23-Oct-2015
(Official Notice)
Shareholders are referred to the distribution declaration announced on Wednesday, 14 October 2015 (the ?Distribution?) and are advised that shareholders on the South African share register who elect to receive the Distribution by way of a cash payment (the ?Cash Distribution?) in lieu of an issue of new ordinary shares of no par value in MAS (?New Shares?) will receive their Cash Distribution in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : ZAR15.3007 on Thursday, 22 October 2015. Accordingly, the Distribution of 2.20 euro cents per share will be equal to 33.66154 ZAR cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that 2.20 euro cents per share bears to the relevant share price (the ?Ratio Price?). The Ratio Price is a five percent discount to the five-day volume weighted average price of MAS shares on the JSE at the close of business on Thursday, 22 October 2015, converted to euro at the closing spot exchange rate of EUR1.00 : ZAR15.3007 on Thursday, 22 October 2015. The Ratio Price applicable to MAS shareholders is 121.51875 euro cents per share. Shareholders on the South African share register will receive New Shares in the ratio of 1.81042 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 6 November 2015.



The information provided in this paragraph is only of direct application to shareholders on the South African share

register. The gross local distribution amount is 33.66154 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is 28.61231 ZAR cents per share for shareholders liable to pay the dividend?s tax rate of 15%. Should all shareholders receive the New Shares, the maximum amount to be capitalised from retained earnings in order for the New Shares to be fully paid up is EUR6 419 333.90. MAS is listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the Main Board of the JSE.

14-Oct-2015
(Official Notice)
14-Sep-2015
(C)
Compared to the sixteen month period ended 30 June 2014. Gross rental income came in at EUR8.7 million (EUR5.2 million), while net operating income was higher at EUR3.6 million (EUR1.3 million). Profit for the period was recorded at EUR48.5 million (EUR5.1 million). Furthermore, headline earnings per share increased to EUR14.52 cents per share (EUR2.46 cents per share).



Dividend

The directors proposed a final distribution to shareholders of ?6 445 604, or 2,20 euro cents per share based upon the number of shares at year-end. Details of the distribution will follow in due course.



Outlook

The group's performance underlines the success of our actions in implementing our strategy. The investment portfolio is now of meaningful size and quality, and puts us in a strong position in the context of further investment. We remain vigilant towards movements in our investment markets, and we will continue to allocate capital in the markets and sectors that demonstrate strong fundamentals. This gives us confidence that we are well positioned for continued performance in the years ahead.
14-Sep-2015
(Official Notice)
03-Sep-2015
(Official Notice)
In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution per share for the next reporting period will differ by at least 15% from the distribution per share for the previous corresponding reporting period.



Accordingly, shareholders are advised that MAS anticipates that its final distribution per share for the year ended 30 June 2015 will be between 2,0 euro cents and 2,20 euro cents per share, being between 61,3% and 77,4% higher than the final distribution of 1,24 euro cents per share for the period ended 30 June 2014.



The forecast financial information has not been reviewed and reported on by the auditors of MAS in accordance with 3.4(b)(viii)(1)(aa) or 3.4(b)(viii)(1)(bb) of the JSE Listings Requirements.



The financial results for the year ended 30 June 2015 will be published on 14 September 2015.



MAS is listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the main board of the Johannesburg Stock Exchange.
07-Aug-2015
(Official Notice)
Shareholders are advised that the Company?s summarised preliminary consolidated financial statements, for the year ended 30 June 2015, will be published on the Stock Exchange News Service (?SENS?) of the Johannesburg Stock Exchange (?JSE?) and on the Luxembourg Stock Exchange (?LuxSE?) on Monday 14 September 2015. In addition, a results presentation will be placed on the Company?s website: www.masrei.com. A results presentation by teleconference call will take place on Monday 14 September 2015 at 1pm (UK time)/2pm (SA time). Dial-in details will be available on the Company?s website from 1 September 2015.



Matters identified as part of the JSE?s proactive monitoring process

As part of the JSE?s proactive monitoring process, two matters were identified that require an announcement. The first, detailed in point 1 below, refers to additional IFRS 7 and 13 disclosures relating to the interim results for the six months ended 31 December 2014. The second, detailed in point 2 below, relates to the incomplete methodology used in the computation of headline earnings and headline earnings per share, for which figures are restated below.







17-Jun-2015
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 29 May 2015, in respect of the Company?s interim dividend of 1.15 euro cents per share for the six month period ended 31 December 2014 (the ?Dividend?).



The Company hereby announces that a total of 1 185 281 new shares (?New Shares?) were listed on Wednesday, 17 June 2015 on both the Euro MTF market of the Luxembourg Stock Exchange (?LuxSE?) and the JSE Ltd. (?JSE?) and were issued to those shareholders who did not elect to receive the Dividend in cash (?Cash Dividend?). The New Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company, the total issued share capital of the Company will increase to 291 787 889 ordinary shares.



Certificated shareholders who did not elect to receive the Cash Dividend should note that share certificates were posted to shareholders on Wednesday, 17 June 2015. For shareholders who elected to receive the Cash Dividend, cheques in respect of the Cash Dividend were posted to shareholders on the European register on, 17 June 2015, and the Cash Dividend will be paid to shareholders on the South African register on, 18 June 2015.



Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.
09-Jun-2015
(Media Comment)
Business Day reported that Western Europe-focused MAS Real Estate is continuing to grow aggressively through acquisitions, saying this strategy is beginning to pay off. The company retained a basket-of-currencies hedging approach as part of its diversification strategy, with exposure to euros, sterling and Swiss francs. CEO Lukas Nakos said the fund had performed strongly because it had managed to stave off competition in the UK and Germany. Mr Nakos added that the company's strategy of investing in and developing high quality assets in the core of western Europe is paying off.

08-Jun-2015
(Official Notice)
The directors of MAS are pleased to report that as at 31 March 2015 the adjusted net asset value (?NAV?) per share was 114,5 euro cents. This represents an increase of 4,3% from the interim period at 31 December 2014 and cumulatively 10,3% for the 9 months since the end of the previous financial year being 30 June 2014.



The continued growth in the NAV per share is attributable to the strong net operating profit as the portfolio benefits from increased scale, gains in the value of the indirect property investments, and exchange gains from a stronger sterling and Swiss franc. The company retains a basket of currencies hedging approach as part of its diversification strategy, with exposure to euros, sterling and Swiss francs.



Net operating profit increased from EUR 0,045 million for the 6 months to 31 December 2014, to EUR 1,985 million for the 9 months since the end of the previous financial year being 30 June 2014. This increase of EUR 1,940 million was driven principally by the acquisitions completed late last year as well as the Heppenheim and Bruchsal properties acquired in the third quarter of the financial year.



The assumptions on which the above results are based are consistent with the company?s interim reporting. Properties have not be re-valued since the end of the interim reporting period, except for properties acquired after this period end which have been valued by an independent valuer at the date of acquisition.
29-May-2015
(Official Notice)
Shareholders are referred to the dividend declaration announced on Wednesday, 13 May 2015 (the ?Dividend?) and are advised that shareholders on the South African share register who elect to receive the Dividend by way of a cash payment (the ?Cash Dividend?) in lieu of an issue of new ordinary shares of no par value in MAS (?New Shares?) will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : ZAR13.2001 on Thursday, 28 May 2015. Accordingly, the Dividend of EUR1.15 cents per share will be equal to ZAR15.18012 cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that EUR1.15 cents per share bears to the ratio price (being a five percent discount to the five-day volume weighted average price of MAS shares on the JSE prior to the finalisation date being Friday, 29 May 2015 (?Ratio Price?)). The Ratio Price applicable to MAS shareholders is ZAR16.85024 per share. Shareholders on the South African share register will receive New Shares in the ratio of 0.90088 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 12 June 2015.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount is ZAR15.18012 cents per share for shareholders exempt from paying South African dividends tax. The net local dividend amount is ZAR12.90310 cents per share for shareholders liable to pay the dividend?s tax rate of 15%. Should all shareholders receive the New Shares, the maximum amount to be capitalised from retained earnings in order for the New Shares to be fully paid up is EUR3 342 239. MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Main Board of the JSE.
19-May-2015
(Official Notice)
Shareholders are advised that at the meeting of shareholders held at 10.00am (BST) on Tuesday, 19 May 2015 (in terms of the notice of shareholders' meeting dispatched to shareholders on Friday, 17 April 2015), the resolutions proposed were passed by the requisite majority of MAS shareholders.



Details of the results of voting at the shareholders' meeting are as follows:

*total number of MAS shares that could have been voted at the shareholders' meeting: 290 602 608

*total number of MAS shares that were present/represented at the shareholders' meeting: 241 253 695, being 83% of total number of MAS shares that could have been voted at the shareholders? meeting.
13-May-2015
(Official Notice)
17-Apr-2015
(Official Notice)
Shareholders are advised that the Company has on Friday, 17 April 2015, posted a notice to convene a shareholders' meeting of the Company, to be held on Tuesday, 19 May 2015 at 10.00 am (BST) (the ?Meeting?), at which two amendments to the Articles of Association (the "Articles") will be proposed, providing the board of directors with authority to issue a modest number of shares at their discretion without invoking the pre-emption rights in the current Articles.



A copy of the notice of the Meeting setting out the proposed amendments and a letter to shareholders providing an explanation of the proposed amendments are available on the Company?s website, www.masrei.com.



The Meeting will be held at 25 Athol Street, Douglas, Isle of Man.



The record date on which shareholders must be recorded in the Company?s share register in order to attend and vote at the Meeting is Friday, 15 May 2015.
31-Mar-2015
(Official Notice)
Shareholders are advised that MAS has, through a wholly-owned subsidiary, completed the acquisition of a retail building in Gotha in central Germany (the ?property?) on 27 March 2015 for a purchase price (before acquisition expenses) of EUR 11 634 000 (the ?acquisition?).



The property comprises a single building, let to a leading hypermarket brand with over 11 years remaining on the lease.



Rationale and salient terms of the acquisition

The property is located in an established retail area in the western part of Gotha and includes a large retail area with over 400 parking spaces. The property was extensively modernised in 2013. MAS believes that this acquisition enhances the overall property portfolio of MAS and the strong tenant covenant fits well with the Company's income strategy. The property is expected to deliver an average of 7.3% core income after costs and gearing.



The current annual rent roll is EUR990 000 per annum.



All conditions precedent in respect of the acquisition have been fulfilled.



The acquisition is not categorisable under the JSE Listings Requirements. This announcement is voluntary and for information purposes only.



MAS is listed on the Main Board of the JSE and on the Euro MTF Market of the Luxembourg Stock Exchange.
10-Mar-2015
(Media Comment)
Business Day indicated that MAS Real Estate has grown its portfolio substantially after its listing on the JSE main board in December. After an aggressive acquisition strategy, the portfolio grew 137% from Euro64.8 million to Euro153.7 million (R2 billion) during the reporting period. The growth spurt of the [property portfolio came after a private placement in February last year in which MAS raised the equivalent of Euro180 million from investors. During the reporting period it also acquired a portfolio of business and retail parks, as well as a 19ha industrial warehousing and office park in the UK. Its largest single investment to date, the warehousing and office complex was bought for approximately Euro40 million. All these acquisitions are income-producing, and in almost all instances the properties were bought for cash. Long term leases were also secured with existing tenants.
09-Mar-2015
(C)
The following results are the maiden interim results after the change in year-end. Gross rental income came in at EUR2.6 million. Net operating profit was EUR45 453. Profit for the period attributable to owners was EUR1.7 million. In addition, headline earnings per share were EUR2.62 cents per share.



Distribution

A distribution of EUR1.15 cents per share has been proposed. Further information in this regard will be published in due course. As the company annually pays out adjusted core income as a distribution, the company has elected to adopt distribution per share as the relevant measure upon which to update the market regarding its performance.



Prospects

The substantial yield spread in the market is attractive. To take advantage of this, the company has initiated a gearing programme for the investment property portfolio, to lock in the present low costs of funding in the Eurozone. We remain confident of achieving our 31 December 2016 target of a run-rate of 6% core income yield on capital invested by shareholders, based on assumptions that a stable macroeconomic economic environment prevails, no major corporate failure occurs and planned investment and gearing programmes are implemented successfully. This translates into a core income run-rate per share of above 6.2 euro cents per share.
05-Mar-2015
(Official Notice)
Shareholders are advised that MAS has, through a wholly owned subsidiary, completed the acquisition of a retail shopping centre in Bruchsal in south west Germany (the "property") on 3 March 2015, for a purchase price (before acquisition expenses) of EUR 20.1 million (the ?acquisition?).



The purchase price for the acquisition was entirely funded from the proceeds of the capital raising undertaken in February 2014. The property comprises three connected retail buildings which are fully let, primarily to leading supermarket and clothing chains, on leases with between 8 and10 years remaining. The net initial yield on total purchase price is 6.4%.



Rational and salient terms of the acquisition



The property is located in the heart of the town centre facing onto the main square and includes a public car park. MAS believes that this prime location in a popular and economically strong region of Germany adds to the overall strategy of MAS and the solid tenant base fits well with the Company's income strategy. The property is expected to deliver an average of 6.5% core income after costs.



The current annual rent roll is EUR 1.5 million per annum.



All conditions precedent in respect of the acquisition have been fulfilled.



The acquisition is not categorisable under the JSE Listing Requirements. This announcement is voluntary and for information purposes only.



MAS is listed on the Main Board of the JSE and on the Euro MTF Market of the Luxembourg Stock Exchange.
05-Mar-2015
(Official Notice)
Shareholders are advised that the Company?s condensed interim consolidated results for the six months ended 31 December 2014 will be released on the Stock Exchange News Service ("SENS") of the Johannesburg Stock Exchange ("JSE") and the Luxembourg Stock Exchange ("LuxSE") on Monday, 9 March 2015, at 10am GMT (12pm SA time). In addition, a summary results presentation will be placed on the Company's website: www.masrei.com



A results presentation by teleconference will take place on Monday, 9 March 2015, at 1 p.m. GMT (3 p.m. SA time) and investors are invited to participate in the teleconference. This teleconference is by pre-registration only. Details for pre-registration can be found on the Company?s website: www.masrei.com, or by contacting the Company Secretary at email: helen@masrei.com.
03-Mar-2015
(Official Notice)
Shareholders are advised that MAS anticipates that its distribution per share for the six months ended 31 December 2014 will be between 1,10 euro cents and 1,15 euro cents per share, being between 83,3% and 91,7% higher than the 0,60 euro cents per share for the ten months ended 31 December 2013.



As a result of the Company changing its year end from 28 February to 30 June, the comparative period is the ten months ending 31 December 2013. Despite this longer comparative period, the distribution per share is expected to be higher due to the fact that the capital raising which took place in February of 2014 was on a cum-dividend basis. This resulted in a lower distribution per share for the comparative period than there would have been had the capital raising not taken place. The financial results on which this trading statement is based have not been reviewed or reported on by MAS? auditors. The financial results for the six months ended 31 December 2014 will be published on or about 9 March 2015.
09-Jan-2015
(Official Notice)
Shareholders are advised that MAS has, through a wholly owned subsidiary, completed the acquisition of a retail and office park to the south of Frankfurt, Germany (the "property") on 8 January 2015, for an aggregate purchase price (before acquisition expenses) of EUR25 600 000 (the ?acquisition?). The purchase price for the acquisition was entirely funded from the proceeds of the capital raising undertaken in February 2014. The property comprises two retail warehouses let to leading DIY and electronics retailers respectively, with adjacent vacant office buildings suitable for short-term letting but also offering redevelopment potential. The net initial yield on total purchase price is 6.8%.



Rationale and salient terms

MAS believes that this asset is well-located with strong retail tenants which fits well with the Company's income strategy and it is expected to deliver an average of 6% core income after costs. Furthermore, there is potential to enhance the income return and create further value through the redevelopment of the vacant offices. The current annual rent roll, paid quarterly in advance, is EUR1 900 000 per annum. All conditions precedent in respect of the acquisition have been fulfilled.
17-Dec-2014
(Official Notice)
Shareholders are advised that MAS has, through two wholly owned subsidiaries, completed the acquisition of an industrial warehouse and office park situated close to the town centre of Chippenham, UK (the "property") for a purchase price (before acquisition expenses) of EUR40 250 000 (the ?acquisition?). The purchase price for the acquisition was entirely funded from the proceeds of the capital raising undertaken in February 2014. The property extends to almost 20 hectares of land in total, split over three zones, with zones 1 and 2 comprising 11.7 hectares of industrial, warehouse, office and storage space. Zone 3 is a mix of short-term and vacant industrial and warehouse buildings comprising 7.7 hectares of space. The initial net yield on total purchase price is 4.6%.



Rationale and salient terms

MAS believes that this property is very well-located within one mile of the town centre and adjacent to the town's train station. The solid industrial and office tenants, several of which are large multi-jurisdictional businesses, in zones 1 and 2 of the property fit well with the Company's income strategy and the forecast average core income yield is 6.5% from these two zones alone. Zone 3 is suitable for short-term lets but primarily offers strong development potential.



This acquisition will become the largest single asset in MAS property portfolio in terms of both size and value and demonstrates the increased profile of the Company in the European commercial property marketplace. The effective date of the acquisition is 15 December 2014 and the current annual rent roll is EUR2 314 000 per annum. All conditions precedent in respect of the acquisition have been fulfilled.
10-Dec-2014
(Official Notice)
MAS is pleased to announce that the JSE has approved the transfer of its listing from the JSE?s AltX to the JSE?s Main Board with effect from Thursday, 18 December 2014 (?the transfer?). The transfer will not affect the Company?s current listing on the Euro MTF Market of the Luxembourg Stock Exchange.



MAS is a real estate investment company with a portfolio of commercial properties in Western Europe. The Company aims to provide investors with an attractive, sustainable euro-based dividend and strong growth in value over time through its acquisition and asset management strategy. The Company?s current investment focus is on Germany, Switzerland and the United Kingdom.



Following the transfer, the Company will be listed in the ?Real Estate ? Real Estate Holdings and Development? sector of the Main Board of the JSE, sector number 8633.

*Formal approval granted by the JSE for the transfer -- Wednesday, 10 December 2014

*Effective date of the transfer -- Thursday, 18 December 2014

*MAS shares to start trading on the Main Board -- Thursday, 18 December 2014
27-Nov-2014
(Official Notice)
Shareholders are advised that at the meeting of shareholders held at 10.00am (GMT) on Thursday, 27 November 2014 (in terms of the notice of shareholders' meeting dispatched to shareholders on Wednesday, 12 November 2014), the resolution tabled thereat to consider and adopt the proposed new Memorandum and Articles of Association of the Company required to ensure compliance with the JSE Listings Requirements in anticipation of the migration of the Company?s listing from the Alternative Exchange of the JSE to the Main Board of the JSE was passed by the requisite majority of the Company?s shareholders.



Details of the results of voting at the shareholders' meeting are as follows:

* total number of MAS shares that could have been voted at the shareholders' meeting: 290 602 608

* total number of MAS shares that were present/represented at the shareholders' meeting: 194 835 212 being 67.05%% of total number of MAS shares that could have been voted at the shareholders? meeting.



The process to migrate the Company?s listing on the JSE from the AltX to the Main Board is anticipated to be completed within the coming weeks.
21-Nov-2014
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 31 October 2014, in respect of the Company?s final dividend of 1.24 euro cents per share for the sixteen month period ended 30 June 2014 (the Dividend). The Company hereby announces that a total of 1 367 283 new shares (New Shares) were listed on Friday, 21 November 2014 on both the Euro MTF market of the Luxembourg Stock Exchange (LuxSE) and the Alternative Exchange of the JSE Limited (JSE) and were issued to those shareholders who did not elect to receive the Dividend in cash (Cash Dividend). The New Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company, the total issued share capital of the Company will increase to 290 602 608 ordinary shares. Certificated shareholders who did not elect to receive the Cash Dividend should note that share certificates were posted to shareholders on Friday, 21 November 2014. Cheques in respect of the Cash Dividend were dispatched on Friday, 21 November 2014 to shareholders who elected to receive the Cash Dividend. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made. MAS has its primary listing on the Euro MTF Market of the LuxSE and a secondary listing on the Alternative Exchange of the JSE.
19-Nov-2014
(Media Comment)
Business Day Reported that MAS aims to treble its property portfolio to just below R3 billion between June and the end of the year. The company give South African investors direct exposure to property returns generated in large European markets. CEO Lukas Nakos confirmed that Germany is now a target market for MAS to diversify the geographical spread of the portfolio as the country has a strong property market.
14-Nov-2014
(Official Notice)
Notice of change in shareholder interest

The Company has been notified that Argosy Capital Ltd. now holds 31 186 725 shares in the share capital of MAS, which translates to 10.78% of the Company's shares.



Newsletter update

Shareholders are advised that a general update with respect to the Company is available in newsletter format on the Company?s website, www.masrei.com MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
12-Nov-2014
(Official Notice)
Shareholders are advised that the Company has today, Wednesday, 12 November 2014, posted a circular to MAS shareholders incorporating a notice of a shareholders? meeting to be held on Thursday, 27 November 2014 at 10.00am (GMT) to consider and adopt the proposed new Memorandum and Articles of Association of the Company. The proposed new Memorandum and Articles of Association are required to ensure compliance with the JSE Listings Requirements in anticipation of the migration of the Company?s listing from the Alternative Exchange of the JSE to the Main Board of the JSE.



A copy of the circular to MAS shareholders containing the notice of shareholders? meeting and a letter to shareholders setting out the proposed amendments to the Memorandum and Articles of Association as well as a full copy of the New Memorandum and Articles of Association of the Company are available on the Company?s website, www.masrei.com. The record date on which shareholders must be recorded in the Company?s register in order to attend and vote at the meeting is Tuesday, 25 November 2014. MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
12-Nov-2014
(Official Notice)
Shareholders are advised that at the meeting of MAS shareholders, held on Wednesday, 5 November 2014, all the proposed resolutions, as set out in the notice to shareholders, were duly passed by the requisite majorities of MAS shareholders.



MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.

31-Oct-2014
(Official Notice)
Shareholders are referred to the dividend declaration announced on Wednesday, 24 October 2014 (the "Dividend") and are advised that shareholders on the South African share register who elect to receive the Dividend by way of a cash payment (the "Cash Dividend") in lieu of an issue of new ordinary shares of no par value in MAS ("New Shares") will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : ZAR13.73740 on Thursday, 30 October 2014. Accordingly, the Dividend of EUR1.24 cents per share will be equal to ZAR17.03438 ZAR cents per share.



The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that 1.24 euro cents per share bears to the ratio price (being a five percent discount to the five-day volume weighted average price of MAS shares on the JSE prior to the finalisation date being Friday, 31 October 2014 ("Ratio Price"). The Ratio Price applicable to MAS shareholders is ZAR17.01901 cents per share. Shareholders on the South African share register will receive New Shares in the ratio of 1.00090 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 14 November 2014.
24-Oct-2014
(Official Notice)
23-Oct-2014
(Official Notice)
Further to the announcement issued by the Company on 16 October 2014 in which shareholders were advised that the internalisation of the investment management function had been successfully completed, shareholders are hereby advised that the 9 751 326 consideration shares issued at a price of ?1.28188 per share (a ZAR equivalent of R17.95166 per share) to partly settle the purchase price for the acquisition of the investment adviser (the "Consideration Shares"), have been listed today, Thursday, 23 October 2014 on the Euro MTF Market of the Luxembourg Stock Exchange ("LuxSE") and the JSE. Following the issue of the Consideration Shares, MAS has 289 235 325 shares in issue. MAS has its primary listing on the Euro MTF Market of the LuxSE and a secondary listing on the Alternative Exchange of the JSE.
16-Oct-2014
(Official Notice)
13-Oct-2014
(Official Notice)
Shareholders are advised that the Company's annual report ("the annual report"), incorporating the group audited financial statements for the sixteen month period ended 30 June 2014, has been dispatched to shareholders and is now available on the Company's website (www.masrei.com).



The annual report contains a notice of a meeting for MAS shareholders, which will be held at, 25 Athol Street, Douglas, Isle of Man on Wednesday, 5 November 2014 at 11:00 am (GMT). The record date on which shareholders must be recorded in the Company's share register in order to attend and vote at the meeting is Friday, 31 October 2014.
06-Oct-2014
(Official Notice)
Shareholders are advised that MAS has, through a wholly owned subsidiary, completed the acquisition of a portfolio of DIY retail warehouses, at the end of September 2014, situated in Frankenthal, Gummersbach and Nordhausen, Germany (the "property portfolio" or "properties") for an aggregate purchase price (before acquisition expenses) of EUR26 200 000 (the "acquisition").



The purchase price for the acquisition was entirely funded from the proceeds of the capital raising undertaken in February 2014. The properties are let to a leading German retailer on new 15 year leases. The initial net yield on total purchase price is 7.7%.



Rationale and salient terms of the acquisition

MAS believes that this property portfolio fits well with MAS' long-term income strategy. These well located properties are expected to deliver long-term income which are secured on an established tenant.



The current annual rent roll, paid quarterly in advance, is EUR2 200 000 per annum.



All conditions precedent in respect of the acquisition have been fulfilled.
20-Aug-2014
(Official Notice)
The Company announce, with effect from 12 August 2014, the appointment of three additional directors to the board, namely Jonathan Knight, Morne Wilken and Pierre Goosen.



Jonathan Knight (executive)

Jonathan has over 25 years experience in the real estate industry, most recently as a director at ING Bank in London and Amsterdam working on various European and global real estate projects. Jonathan is a member of the Royal Institution of Chartered Surveyors in the UK. Jonathan already holds the position of Chief Investment Officer of the Company and this appointment formalises his position on the board. Jonathan also sits on the investment committee and is a director of MAS Property Advisors Limited, the investment adviser to MAS.



Morne Wilken (non-executive)

Morne Wilken is the Chief Executive Officer of Attacq Limited, which is the largest shareholder in MAS. Morne brings with him the significant commercial property investment and development experience gained through his involvement with Attacq and the wider Atterbury Group. Attacq Limited is listed on the JSE and is a leading South African capital growth fund in the real estate sector.



Pierre Goosen (non-executive)

Pierre is joint managing director of Argosy Capital. Pierre is an admitted attorney in South Africa and solicitor in England and Wales. Argosy Capital is a European based private equity and venture capital investment business. Pierre also sits on the investment committee and is a director of MAS Property Advisors Limited, the investment adviser to MAS.



Appointment of alternate director

Dewald Joubert has also been appointed as an alternate director to Pierre Goosen with effect from 12 August 2014.



MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
18-Aug-2014
(C)
These results are the company's maiden final results following the change in year-end from February to June. Gross rental income came in at EUR5.2 million and net operating income was EUR1.3 million. Profit for the period was recorded as EUR5.1 million. Furthermore, headline earnings per share were EUR3.10 cents per share.



Dividend

The directors have proposed a final dividend for the sixteen month period of EUR1.24 cents per share. Details and timing of payment of the final dividend will be published in due course. This brings the total dividend for the year to EUR 1.84 cents per share. The decline in dividend yield compared to prior periods has been previously highlighted, and the yield is expected to pick up again once the proceeds from the capital raise are invested in the pipeline assets.



Prospects

The board is pleased with the progress made in deploying the capital raised earlier this year and are excited about the outlook for the future.
14-Aug-2014
(Official Notice)
Shareholders are advised that the Company?s abridged audited consolidated results for the sixteen month period to 30 June 2014 will be released on the Luxembourg Stock Exchange ("LuxSE") and the Stock Exchange News Service ("SENS") of the Johannesburg Stock Exchange ("JSE") on Monday, 18 August 2014. In addition, a summary results presentation will be placed on the Company's website: www.masrei.com

04-Aug-2014
(Official Notice)
Shareholders were advised in the Company's interim financial statements for the ten months ended 31 December 2013 and in its private placement memorandum issued on 10 February 2014 in connection with the Company's March 2014 capital raising, that the Company intends migrating its listing from the Alternative Exchange ("AltX") of the JSE to the JSE's Main Board as soon as circumstances allow it to do so. The board of directors of the Company are focused on progressing the migration as quickly as possible and are working with the Company's JSE sponsors, Java Capital, to achieve this.



Pursuant to this stated intention, the board of directors of MAS considers that it may be opportune to explore the internalisation of the investment management function of the MAS group, which is currently undertaken externally by MAS Property Advisors Ltd. in accordance with the terms of an investment advisory agreement.



Because of the strategic importance of any change in the structure of the management of MAS, shareholders are advised to exercise caution when dealing in their MAS shares pending further announcements in this regard. MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
04-Jul-2014
(Official Notice)
Shareholders are advised that MAS has, through a wholly owned subsidiary, completed the acquisition of a DIY retail warehouse (the "Property") situated in Baden-W?rttemberg, Germany (the "Acquisition").



The purchase price for the Property is EUR9 150 000 before acquisition expenses. No debt has been used utilised as the Acquisition was funded from the proceeds raised pursuant to the capital raising undertaken in February 2014. The Property is let to a leading German retailer on a new 15 year lease. The initial net yield on total cost is 7.4%.



Rationale of the Acquisition

MAS believes that this well located property will deliver long-term income which is secured on an established tenant and fits well with MAS? long term income strategy.



The effective date of the Acquisition is 1 July 2014. The current rent roll, paid quarterly in advance, is EUR720 000 per annum.



All conditions precedent in respect of the Acquisition have been fulfilled.



MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
13-Jun-2014
(Official Notice)
Shareholders were referred to the previous announcements, the last of which was released on 23 May 2014, in respect of the company's dividend of EUR0.60 of a euro cent per share for the ten months ended 31 December 2013 (the dividend"). The company announced that a total of 1 337 946 new shares ("New Shares") were listed on Friday, 13 June 2014 on both the Euro MTF market of the Luxembourg Stock Exchange ("LuxSE") and the Alternative Exchange of the JSE Ltd. ("JSE") and were issued to those shareholders who did not elect to receive the dividend in cash ("Cash Dividend"). The New Shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Following the issue of the New Shares in the company, the total issued share capital of the company will increase to 279 483 999 ordinary shares. Certificated shareholders who did not elect to receive the Cash Dividend should note that share certificates were posted to shareholders on Friday, 13 June 2014. Cheques in respect of the Cash Dividend were dispatched on Friday, 13 June 2014 to shareholders who elected to receive the Cash Dividend.
23-May-2014
(Official Notice)
Shareholders are referred to the dividend declaration announced on Thursday, 15 May 2014, (the "Dividend") and are advised that shareholders on the South African share register who elect to receive the Dividend by way of a cash payment (the "Cash Dividend") in lieu of an issue of new ordinary shares of no par value in MAS ("New Shares") will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate of EUR1.00:ZAR14.195 on Thursday, 22 May 2014. Accordingly, the Dividend of 0.60 of a euro cent per share will be equal to 8.517 ZAR cents per share. Shareholders on the South African share register will receive New Shares in the ratio of 0.5 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 6 June 2014.



The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount is 8.517 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local dividend amount is 7.23945 ZAR cents per share for shareholders liable to pay the dividends tax rate of 15%. As the company is not a South African registered company, it does not have any STC credits available for set-off against the dividends tax liability.
16-May-2014
(Official Notice)
Shareholders are referred to the announcement released on 15 May 2014 in respect of the dividend for the ten months ended 31 December 2013 and are advised that the announcement stated the dividend as ?0.60 per share for the ten months ended 31 December 2013. The actual dividend amount is 0.60 euro cents per share for the ten months ended 31 December 2013.



MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
15-May-2014
(Official Notice)
31-Mar-2014
(Official Notice)
Shareholders are advised that MAS, which has its primary listing on the Euro MTF market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE, has, through its wholly-owned subsidiary Artisan Investment Projects 10 Ltd. ("Artisan IP 10"), entered into an agreement to lease with Adagio Hotels UK Ltd. ("Adagio Agreement to Lease"), guaranteed by Accor SA and Pierre - Vacances SA ("Adagio"). Adagio will occupy the iconic hotel to be built fronting directly onto the Royal Mile in Edinburgh on the one side, and the newly built public square on the other. This hotel forms an integral part of the overall development, which includes a pedestrian-friendly urban hub mixing open public spaces with independent retailers, restaurants, and leisure offerings, as well as new homes and offices.



In addition, through its wholly-owned subsidiary MAS (IOM) Holdings Ltd., MAS has completed the sale of all the issued shares in Golden Cross Properties Ltd. which holds the Metchley Hall property situated in Birmingham, UK.



Rationale and salient terms



Adagio Agreement to Lease

Adagio is a leading operator of aparthotels and is owned by Accor SA, the world's leading hotel operator and market leader in Europe, and Pierre - Vacances Center Parcs, the European leader in local tourism; both entities guarantee the lease. A high quality aparthotel offering on the Royal Mile is an integral part of the development of the former Caltongate site and the Adagio Agreement to Lease is an important step in the development of the scheme. The construction of the hotel is planned to start imminently.



The Adagio Agreement to Lease is conditional upon the tenant obtaining a satisfactory premises license as well as the actual construction of the hotel.



Metchley Hall Disposal

The Company purchased the disused Golden Cross pub in 2010 and constructed the 67 bed student property to be ready in time for the student intake in September 2011. After a period of stabilisation of the asset, the directors have considered it appropriate to exit the student accommodation sector whilst the market cycle remains strong.
12-Mar-2014
(Official Notice)
Reference was made to the MAS announcements, the last of which was released on 25 February 2014, regarding the company's private placement. Shareholders are hereby advised that under the private placement, which closed at 12:00 (CET) on Tuesday, 11 March 2014, MAS successfully placed a total of 173 987 429 new shares, thereby raising approximately R2 740 302 000 (EUR 183 287 985) via applications received on both the South African register and the European share register. The private placement was heavily oversubscribed at this level. For applicants who subscribed via the South African register, the private placement shares will be issued at an issue price of R15.75 per share. For applicants who subscribed via the European share register, the private placement shares will be issued at an issue price of EUR1.05346 per share, based on the exchange rate of EUR1.00:ZAR14.9508 on Tuesday, 11 March 2014.



Successful applicants will be advised of their allocation of private placement shares by Friday, 14 March 2014. For applicants who subscribed for shares under the private placement on the South African register, the allocated private placement shares will be transferred to successful applicants in dematerialised form on a ?delivery-versus-payment' basis on the date of listing, being Thursday, 20 March 2014. For applicants who subscribed for shares under the private placement on the European share register, the posting of share certificates in respect of certificated shareholders who subscribed for shares will take place on or about Thursday, 20 March 2014. The accounts at CSDPs, banks or brokers in respect of dematerialised shareholders who subscribed for shares will be updated on Thursday, 20 March 2014. The board wishes to thank existing shareholders and new applicants for their support of the private placement.
21-Feb-2014
(Official Notice)
19-Feb-2014
(Official Notice)
Reference is made to the announcement released on 10 February 2014 wherein it was announced that MAS would be undertaking an offer of up to approximately 96 659 683 new shares of no par value (the private placement shares) in the share capital of MAS at an indicative issue price of R15.75, or Euro1.035 per share, thereby raising approximately R1 522 390 000 or approximately Euro100 000 000 (before private placement expenses) (the private placement).



The issue price of the private placement shares is now confirmed at R15.75 per private placement share for shares issued on the South African share register and the Euro equivalent of R15.75 per private placement share at the closing exchange rate on the closing date of the private placement for shares issued on the European share register. Following positive feedback from key shareholders and interested applicants, the board of MAS is considering increasing the number of new shares to be offered and therefore the amount of capital to be raised in terms of the private placement. A further announcement in this regard, including updated important dates and times relating to the private placement, if applicable, will be released shortly.

10-Feb-2014
(Official Notice)
04-Feb-2014
(Official Notice)
Shareholders are advised that the City of Edinburgh Council has approved, at a meeting on Wednesday 29 January 2014, the detailed plans for the development of the former Caltongate site. The city centre site links the capital's New Street/East Market Street area and Waverley Station with the historic Royal Mile. It is now set to be transformed into a new pedestrian-friendly urban centre mixing open public spaces with independent retailers, restaurants, hotels and leisure offerings - as well as new homes and offices.



New appointment

Shareholders are also advised that Jonathan Knight has been appointed as chief investment officer of the company with effect from Friday 24 January 2014. This is not a statutory appointment to the board of MAS.
27-Jan-2014
(C)
These are MAS's maiden interim December results since their change of year-end to June each year and are therefore incomparable to prior financial results. Gross rental income amounted to EUR3.5 million. Profit for the period came in at EUR3.3 million. In addition, headline earnings per share of EUR4.40cps was recorded.



Dividend

A dividend of EUR1 680 229 has been proposed. Further information in this regard will be published in due course.



Outlook

The company intends raising capital in February 2014, and intends following this by migrating its listing to the JSE's Main Board, subject to the necessary approvals. The purposes of the proposed capital raising are to fund the acquisition of a strong pipeline, and the construction of phase one of the Caltongate development. The increasing scale and profile of the company alongside a portfolio that reflects the capability of management to deliver on investment objectives, is beginning to reflect in an increased demand for MAS shares, as well as in a slowly improving liquidity in its trade.
19-Dec-2013
(Official Notice)
Shareholders are referred to the Company's announcements of 3 October 2013 (the 3 October Announcement) and 20 November 2013 and are advised that MAS has today issued Listing Particulars in respect of the issue of 31 962 365 new MAS shares (the "Consideration Shares") to Attacq Ltd (Attacq) in order to settle the purchase price for the acquisition of 42 722.256 shares in Karoo Investment Fund S.C.A SICAV-SIF by MAS.



The Consideration Shares will be listed on the Luxembourg Stock Exchange (LuxSE) and the JSE with effect from the start of trading on Friday 20 December 2013 and following the issue of the Consideration Shares, MAS will have 104 158 624 shares in issue.



The full Listing Particulars are available on the Company's website at www.masrei.com and a copy can also be obtained by contacting the Company Secretary, whose details are set out below. In accordance with the LuxSE Listing Rules, shareholders are advised that pursuant to the issue of the Consideration Shares, Attacq?s shareholding in MAS will be in excess of 33.3%. Subject to the Realised Price adjustments described in the 3 October Announcement, it is expected that Attacq will hold 47.2% of the shares in the Company. MAS has its primary listing on the Euro MTF market of the LuxSE and a secondary listing on the Alternative Exchange of the JSE.
06-Dec-2013
(Official Notice)
Shareholders are advised that MAS, which has its primary listing on the Euro MTF market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE, has, through its wholly-owned subsidiary Artisan Investment Projects 10 Limited (IP 10), signed agreements for lease (the Agreements) with Premier Inn Hotels Limited (Premier Inn Hotels) and Premier Inn Ochre Limited (Premier Inn Ochre) (collectively, the Tenants), under which Agreements the leases are guaranteed by the Whitbread Group plc (Whitbread). Premier Inn Hotels and Premier Inn Ochre will occupy two hotels which will be constructed on the large-scale development on the Royal Mile in Edinburgh, formerly known as Caltongate, owned by IP 10. The two hotels will sit next to each other with frontages on to East Market Street, opposite the Edinburgh City Council. They are set to form an integral part of the overall development which includes a pedestrian-friendly urban centre mixing open public spaces with independent retailers, restaurants, and leisure offerings - as well as new homes and offices.



Whitbread is a FTSE 100-listed company and the largest hotel, restaurant and coffee operator in the UK. A high quality hotel offering is an integral part of the development of the former Caltongate site and the Agreements are an important first step in the development of the scheme. The construction of the hotels is planned for completion by the end of 2015. The Hub Hotel, a new concept for Whitbread, will be the first of its type outside of London, demonstrating the attractiveness of the central Edinburgh location.



The Agreements are conditional upon the Tenants obtaining a satisfactory premises license and the developer obtaining a satisfactory planning permission. The date for the planning decision by the Edinburgh City Council is currently set for 29 January 2014. This announcement is voluntary and is for information purposes only.

20-Nov-2013
(Official Notice)
Shareholders are referred to the Company?s announcement of 3 October 2013 (the Previous Announcement) and are advised that MAS has now concluded a formal agreement, effective 18 November 2013, with Attacq Ltd (Attacq) in terms of which MAS has agreed to acquire Attacq?s shareholding in Karoo Investment Fund S.C.A SICAV-SIF (Karoo I) (the "Acquisition"), as detailed in the Previous Announcement. Subsequent to the Previous Announcement, Karoo I has merged with Karoo Investment Fund II S.C.A SICAV-SIF (Karoo II) through Karoo I acquiring all of the issued shares of Karoo II.



The initial purchase price of the Acquisition is set at EUR 34 199 730,59 (the "Transaction Price") (subject to the adjustment mechanism set out in the Previous Announcement to calculate the Realised Price as defined therein) and will be settled through the issuance of 31 962 365 new shares in MAS (the Consideration Shares). The Acquisition including the issue and listing of the Consideration Shares is subject to the receipt of approvals from the LuxSE and the JSE, to the extent required. Following the issue of the Consideration Shares, it is expected that Attacq will hold 47,2% of the issued share capital of MAS.



Listing Particulars will be issued in due course in respect of the Acquisition. These are required under the LuxSE Listing Rules as the number of Consideration Shares being issued by MAS is greater than 10% of the total number of MAS shares presently in issue.

On full implementation of the Acquisition and following the issue of the Consideration Shares, MAS will have 104 158 624 shares in issue. MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.

03-Oct-2013
(Official Notice)
19-Aug-2013
(Official Notice)
Shareholders are advised that MAS through its wholly-owned subsidiaries MAS (IOM) Holdings Ltd. and MAS Mezzi Ltd., contracted to acquire the remaining 62.5% of the issued shares and loan notes in Artisan Investment Projects 10 Ltd. ("IP 10") that it did not already own (the "Acquisition"). IP 10 owns the large-scale development on the Royal Mile in Edinburgh, formerly known as Caltongate. The total purchase consideration payable for the remaining 62.5% of issued shares and loan notes amounts to GBP6 586 667 (EUR7 719 052). GBP1 920 000 (EUR2 250 088) of the purchase consideration is payable in cash and the balance of the purchase consideration will be settled through the issue, subject to the receipt of necessary regulatory approvals, of 5 111 182 new shares in MAS ("Consideration Shares") at an issue price of EUR1.07 per share.



Salient terms and conditions precedent

The remaining issued shares and loan notes were acquired from three parties, with the effective dates of the Acquisition from each party being between 9 and 19 August 2013. The only conditions precedent relate to the necessary regulatory approvals for the issue and listing of the Consideration Shares.



Total shares in issue

The date that the Consideration Shares are expected to be listed and commence trading will be published in due course. Following the issue of the Consideration Shares, MAS will have 72 196 259 shares in issue.
31-Jul-2013
(C)
The following results are incomparable as they are due to the change in the financial year end from February to June. Gross rental income was EUR1.3 million whilst net operating income was EUR564 457. Profit for the period was EUR1.0 million. Furthermore, Headline earnings per share were EUR1.5cps.



Dividend

No dividend has been declared for the period under review.



Prospects

The company continues to progress well and significant headway has been made with securing investment opportunities for the capital raised in February 2013.
26-Jul-2013
(Permanent)
MAS has changed its year-end from February each year to June each year from 2013 onwards.
26-Jul-2013
(Official Notice)
Shareholders are advised that MAS has changed its financial year-end from 28 February to 30 June. The reason for the change is to align the financial year-end of MAS with the financial year-end of major shareholder Atterbury Investment Holdings Ltd. The latter's intended listing on the main board of the JSE later this year has precipitated a move to coterminous reporting periods for entities that are its subsidiaries or associates. MAS will publish:

*Abridged reviewed results for the 4 months ending 30 June 2013 within three months of 30 June 2013

*Abridged unaudited results for the 10 months ending 31 December 2013 within three months of that date

*Abridged audited results for the 16 months ending 30 June 2014 within three months of 30 June 2014 - these will be year-end results; and

*An integrated annual report and notice of an annual general meeting (with audited financial statements for the 16 months ending 30 June 2014) within six months of 30 June 2014.
19-Jul-2013
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 28 June 2013, in respect of the Company's dividend of 1.50 euro cents per share for the year ended 28 February 2013 (the "dividend"). The company announced that a total of 846 714 new shares ("New Shares") were listed on Friday, 19 July 2013 on both the Euro MTF market of the Luxembourg Stock Exchange ("LuxSE") and the Alternative Exchange of the JSE Ltd. ("JSE") and were issued to those shareholders who did not elect to receive the Dividend in cash ("Cash Dividend"). The New Shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company, the total issued share capital of the Company will increase to 67 085 077 ordinary shares. Certificated shareholders who did not elect to receive the Cash Dividend should note that share certificates were posted to shareholders on Friday, 19 July 2013. Cheques in respect of the Cash Dividend were dispatched on Friday, 19 July 2013 to shareholders who elected to receive the Cash Dividend. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made. MAS has its primary listing on the Euro MTF market of the LuxSE and a secondary listing on the Alternative Exchange of the JSE
28-Jun-2013
(Official Notice)
Shareholders were referred to the dividend (the "dividend") declaration announced on Wednesday, 19 June 2013 and are advised that shareholders on the South African share register who elect to receive the dividend by way of a cash payment (the "cash dividend") in lieu of an issue of new ordinary shares of no par value in MAS ("New Shares") will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : ZAR12.9640 on Thursday, 27 June 2013. Accordingly, the Dividend of 1.50 euro cents will be equal to 19.4460 rand cents per ordinary share.



Shareholders on the South African share register will receive New Shares in the ratio of 1.4286 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 12 July 2013. The gross local dividend amount is 19.4460 rand cents per share for shareholders exempt from paying the dividends tax in South Africa and the net local dividend amount is 16.5291 rand cents per share for shareholders liable to pay the dividends tax in South Africa. MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
26-Jun-2013
(Official Notice)
Shareholders are advised that at the shareholders' meeting of MAS shareholders, held on Wednesday, 26 June 2013, all the proposed resolutions, as set out in the notice to shareholders, were duly passed by the requisite majorities of MAS shareholders.
19-Jun-2013
(Official Notice)
16-May-2013
(Official Notice)
Shareholders were advised that the company's annual report ("the annual report"), incorporating the group audited financial statements for the year ended 28 February 2013, was dispatched to shareholders today and will be available on the company's website (www.masrei.com) shortly.



The annual report contains a notice of a meeting for MAS shareholders, which will be held at 25 Athol Street, Douglas, Isle of Man on Wednesday, 26 June 2013 at 11.00 (BST).



The record date on which shareholders must be recorded in the company's share register in order to attend and vote at the meeting is Monday, 24 June 2013.



MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE.
02-May-2013
(C)
Loss for the year amounted to EUR887 000 (2012: profit of EUR2 000), while headline earning per share was EUR0.66cps (2012: headline loss per share of EUR2.46cps).



Dividend

The directors have approved a final dividend for the year of EUR1.50 cents per share. Details and timing of the final dividend will be published in due course. On a like-for-like basis and eliminating the effect of the capital raising immediately before year-end, the dividend for the second half would have been an encouraging EUR2.28 cents per share. The total dividend for the year reached EUR3.41cents per share, and the adjusted core income per share for the same period is EUR4.21 cents.



Prospects

MAS is realising the innate value of the properties in the portfolio in line with the strategy devised for each of them when they were acquired. The directors are confident they will be able to continue investing the capital of the company in the excellent opportunities available in the markets in which it operates. They intend migrating MAS to the main board of the JSE in the second half of 2013, subject to all necessary approvals. Such a move will, in the opinion of the directors, increase the profile of the company and enhance its ability to raise capital to take advantage of the numerous investment opportunities available in Europe at this time.

14-Feb-2013
(Official Notice)
Shareholders were referred to the announcement dated 28 January 2013 regarding the private placement of MAS shares.



Shareholders were advised that in terms of the private placement, which closed at 12:00 (CET) on Wednesday, 13 February 2013, MAS successfully placed a total of 22 664 215 new shares ("private placement shares"), thereby raising EUR23 797 426 via applications received on both the Euro-MTF market of the Luxembourg Stock Exchange ("LuxSE") and the Johannesburg Stock Exchange's Altx ("JSE").



Successful applicants will be advised of their allocation of private placement shares by Friday, 15 February 2013.



For applicants who successfully subscribed for private placement shares via the JSE the private placement shares will be issued at an issue price of R12.518205 per share (the Rand equivalent of the EUR1.05 per share issue price), based on the exchange rate of EUR1.00: R11.9221 at the close of business on Wednesday, 13 February 2013.



For applicants who successfully subscribed for private placement shares via the LuxSE, posting of share certificates in respect of certificated shareholders will take place on or about Thursday, 21 February 2013. The accounts at CSDPs, banks or brokers in respect of dematerialised shareholders who subscribed for private placement shares will be updated on Thursday, 21 February 2013.



For applicants who subscribed for private placement shares on the JSE in terms of the private placement, the allocated private placement shares will be transferred to successful applicants in dematerialised form on a 'delivery-versus-payment' basis on the date of listing, being Thursday, 21 February 2013.
01-Feb-2013
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 11 January 2013, in respect of the Company's dividend of EUR1.91 cents per share for the six months ended 31 August 2012 ("the Dividend"). The Company hereby announces that a total of 775 316 new shares ("New Shares") were listed on Friday, 1 February 2013 on the Alternative Exchange of the JSE and were issued to those shareholders who did not elect to receive the Dividend in cash ("Cash Dividend"). The New Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.



Following the issue of the New Shares in the Company, the total issued share capital of the Company will increase to 43 574 148 ordinary shares. Certificated shareholders who did not elect to receive the Cash Dividend should note that share certificates were posted to shareholders on 1 February 2013. Cheques in respect of the Cash Dividend were dispatched on 1 February 2013 to shareholders who elected to receive the Cash Dividend. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.
28-Jan-2013
(Official Notice)
11-Jan-2013
(Official Notice)
Shareholders are referred to the dividend declaration announced on 4 January 2013 and are advised that shareholders on the South African share register who elect to receive the Dividend by way of a cash payment in lieu of an issue of new ordinary shares of no par value in MAS will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : R11.4787 on Thursday, 10 January 2013. Accordingly, the Dividend of EUR1.91 cents will be equal to 21.92432 cents per ordinary share.



Shareholders on the South African share register will receive new shares in the ratio of 1.81905 new shares for every 100 MAS shares held by the shareholder at the record date, being 25 January 2013.
04-Jan-2013
(Official Notice)
04-Jan-2013
(Permanent)
MAS Plc was renamed to MAS Real Estate Inc. on Monday, 7 January 2013.
27-Dec-2012
(Official Notice)
Shareholders are referred to the previous announcements released on the Luxemburg Stock Exchange ("LuxSE") website and SENS on 15 November 2012 and 20 December 2012 relating to the proposed change of domicile, registered office and name of the company.



Change of domicile, registered office and change of name

Shareholders are advised that the proposed change of domicile of the company from Isle of Man to the British Virgin Islands and proposed change of registered office of the company from 25 Athol Street, Douglas, Isle of Man, IM1 1LB to Midocean Chambers, Road Town, Tortola, British Virgin Islands and the proposed change of name of the company from "MAS plc" to "MAS Real Estate Inc." were all registered by the relevant authorities on 18 December 2012. The change of name of the company will become effective on Monday, 7 January 2013 on each of the LuxSE and the JSE trading platforms.



New ISIN number

The new ISIN number of the company is VGG5884M1041. The last day to trade under the old ISIN number is Friday, 4 January 2013 and trading will commence under the new ISIN on Monday, 7 January 2013. The salient dates and times will be the same as those published in the announcement released on Thursday, 20 December 2012
20-Dec-2012
(Official Notice)
Shareholders are referred to the announcement released on the Luxemburg Stock Exchange ("LuxSE") website and SENS on 15 November 2012 and the circular dated 15 November 2012 relating to the proposed change of domicile, registered office and name. The dates and times as per the announcement and circular dated 15 November 2012 are no longer applicable. The revised dates and times applicable for shareholders on the European and South African share registers are set out below.



*Re-registration effected and update announcement released on the LuxSE website and SENS -- Thursday, 27 December 2012

*Last date to trade on the LuxSE and JSE under the name "MAS plc" and ISIN: IM00B4LFGH00 on Friday, 4 January 2013

*Trading on the LuxSE and JSE in the new name of "MAS Real Estate Inc." and under the JSE share code: MSP and new ISIN commences on Monday, 7 January 2013

*Record date for shareholders on the European and South African Registers in respect of the change in name and ISIN -- Friday, 11 January 2013

*Dematerialised shareholders on the European and South African Register will have their accounts at their CSDP or broker updated on Monday, 14 January 2013

*New certificates will be issued and posted to certificated shareholders -- Monday, 14 January 2013
30-Nov-2012
(Official Notice)
Shareholders were referred to the announcement released on the Luxembourg Stock Exchange and SENS on 15 November 2012 relating to:

*a proposed change of domicile and registered office from the Isle of Man to the British Virgin Islands;

*a proposed change of name to 'MAS Real Estate Inc.'; and

*the adoption of a new Memorandum and new Articles of Association;

(collectively, the "redomiciliation") further details of which were set out in the circular issued to shareholders on 15 November 2012 (the "Circular").



Shareholders were advised that at the shareholders' meeting of the company held on Friday, 30 November 2012, all the proposed resolutions relating to the redomiciliation , as set out in the notice of the shareholders' meeting contained in the Circular, were duly passed by the requisite majorities of MAS shareholders with the result that the redomiciliation may now be implemented.



Shareholders who hold shares on the South African share register were advised that the company will continue to trade with the JSE share code: MSP and not the JSE share code: MAS as previously advised.



Further details of the redomiciliation, including the company's registration number in the British Virgin Islands and new ISIN number will be published in due course.
15-Nov-2012
(Official Notice)
07-Nov-2012
(C)
Gross rental income for the period soared to EUR2 million (2011: EUR902 461). Profit for the period turned around to EUR2.2 million (2011: loss of EUR549 410), while headline earnings per share rose to EUR5.13cps (2011: loss of EUR2.75cps).



Dividend

The directors have approved an interim dividend for the six months ended 31 August 2012 of EUR1.91cps relating to the adjusted core income generated in the first half of the year. Details and timing of the final dividend will be published in due course.



Prospects

The company continues to progress well and significant headway has been made with securing investment opportunities for the capital the board expects to raise early in 2013.
20-Aug-2012
(Official Notice)
Shareholders were referred to the previous announcements, the last of which was released on 26 July 2012, in respect of the company's final dividend of EUR1.60 cents per share for the seven months ended 28 February 2012.



The company hereby announces that following the election by shareholders either to receive a cash dividend ("cash dividend") or new no par value shares in the company credited as fully paid in lieu of the cash dividend, a total of 644 817 new shares ("new shares") were issued on market as listed shares on Friday, 17 August 2012 on both the Euro MTF of the Luxembourg Stock Exchange and the Alternative Exchange of the JSE Ltd. The New Shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Following the issue of the new shares in the company, the total issued share capital of the company will increase to 42 798 832 ordinary shares. Certifcated shareholders who elected to receive the new shares should note that share certifcates were posted to shareholders on 17 August 2012. Cheques in respect of the cash dividend were dispatched on 17 August 2012 to shareholders who did not elect to receive New Shares. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.
26-Jul-2012
(Official Notice)
Shareholders are referred to the dividend declaration announced on 19 July 2012 and are advised that shareholders on the South African share register will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate of EUR1.00 : R10.2333 on Wednesday, 25 July 2012. Accordingly, the Dividend of EUR1.60 cents will be equal to 16.37328 cents per ordinary share.



Shareholders on the South African share register who elect to receive new MAS shares ("New Shares") in lieu of the Cash Dividend will be entitled to 1.56863 New Shares for every 100 MAS shares held by the shareholder at the record date, being 10 August 2012.
19-Jul-2012
(Official Notice)
As announced on 25 April 2012, shareholders are advised that the board of the company has declared a dividend of EUR1.60 cents per share in respect of the seven months ended 28 February 2012 ("the dividend"). The dividend will be by way of a cash dividend ("the cash dividend") unless shareholders elect to receive new, no par value, ordinary shares in MAS ("new shares") credited as fully paid in lieu of the cash dividend. Such new shares will be issued at EUR1.02 per share and will rank pari passu in all respects with the existing shares in the company. The rationale for the issue of new shares in lieu of the cash dividend is to afford shareholders the opportunity to increase their shareholding in the company and retain the company's flexibility on cash resources. In line with the company's policy, the dividend is funded out of distributable core income. As at the date of this document, the company had 42 154 015 ordinary, no par value shares in issue.



Salient dates and times

* Announcement of euro to rand conversion rate on Thursday, 26 July

* Last day to receive prescribed forms confirming withholding taxation exemption on Thursday, 2 August

* Last day to trade on the JSE in order to be eligible for receipt of the dividend on Thursday, 2 August

* Trading commences ex-dividend on the JSE on Friday, 3 August

* Record date for shareholders recorded on the South African share registers on Friday, 10 August

* Share certificated and dividend cheques posted, CREST/CSDP/participant/broker accounts credited/updated, payment of the cash dividend and listing of new shares on the JSE on Friday, 17 August

* Announcement on SENS of the amount of new shares issued on or around Friday, 17 August.



A notice to MAS shareholders in respect of the dividend together with accompanying election forms, have been posted to shareholders on 19 July 2012.
11-Jul-2012
(Official Notice)
Shareholders were advised that at the shareholders meeting of the company held on Wednesday, 11 July 2012, all the proposed resolutions, as set out in the notice of the annual general meeting, were duly passed by the requisite majorities of MAS shareholders.
23-May-2012
(Official Notice)
Shareholders are advised that the company's annual report ("the annual report"), incorporating the group audited financial statements for the year ended 28 February 2012, was dispatched to shareholders today and will be available on the company's website (www.masplc.com) shortly. The annual report contains a notice of a meeting for MAS shareholders, which will be held at the company's registered address being 25 Athol Street, Douglas Isle of Man on Wednesday, 11 July 2012 at 11:00 am (BST).
03-May-2012
(Official Notice)
Shareholders are advised that MAS through its wholly-owned subsidiary Braehead Properties Ltd., completed the acquisition of an industrial property (the "property") which is situated on 10.5 acres in Braehead, Glasgow in Scotland (the "acquisition"). The property is currently let to James Howden and Company Ltd. ("Howden"), a manufacturer of high-integrity, custom-engineered centrifugal fans and rotary regenerative heat exchangers for critical applications in a wide range of industries. The purchase price for the property was an amount of EUR7 365 000 (GBP 6 000 000), before stamp duty and acquisition expenses. The historic initial net yield on total cost is 9.52%.



Salient terms

The effective date of the acquisition was 27 April 2012. The current annual rent roll, paid quarterly in advance, is EUR 730 363 (GBP 595 000). All conditions precedent in respect of the acquisition have been fulfilled.
25-Apr-2012
(C)
Loss from operating activities came in at EUR61 000 (2011: profit of EUR3.3 million). Loss for the year amounted to EUR771 000 (2011: profit of EUR2.6 million), while headline loss per share was EUR2.46cps (2011: earnings of EUR3.4cps).



Dividend

The directors have approved a final dividend for the year of EUR1.60cps. This brings the total distribution for the year to EUR3.74cps. Due to the implementation of the new dividends tax in South Africa, the board has decided to defer the declaration of the final dividend until the impact on MAS has been determined. Details and timing of the final dividend will be published in due course.



Prospects

MAS is at present realising the innate value of the properties acquired in the past twelve months in line with the strategy devised for each of them when they were acquired. MAS is also negotiating a further acquisition which will be funded by another capital raising. This property has a substantial total return potential due to its location and the discount negotiated on land value, and the possibility that more valuable mixed-use planning consents can be obtained for the ten acre site. The directors are confident they will be able to continue investing the capital of the company in the excellent opportunities that have become available in the current market conditions. In doing so they want to grow the company's capital base.
17-Feb-2012
(Official Notice)
Shareholders are advised that MAS plc, which has a primary listing on the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE, has, through its wholly-owned subsidiary Santon North Street Limited, acquired a 14.5 acre, mixed-use, prime, redevelopment site in the town of Lewes in Sussex, England (the "property"), from the joint administrators to the 4 companies that previously owned the land (the "acquisition"). The site was formerly known as the Phoenix Estate. The purchase price was EUR6 924 040 (GBP5 800 000), before stamp duty and acquisition expenses. No debt has been used to fund the acquisition. The acquisition was funded from the proceeds raised pursuant to the company's capital raising undertaken in the second half of 2011.



MAS plc believes the size and central location of this property, in the heart of a thriving town in the South of England, offers value for investors and is an ideal opportunity to rejuvenate the area with a development incorporating retail, hospitality, commercial and residential components. Ultimately the planned gross development value of the project is expected to exceed EUR100 million.



The effective date of the acquisition was 10 February 2012. The current annual rent roll, paid quarterly in advance, is guaranteed by MAS plc's development partners, the Santon Group, at a minimum of EUR553 923 (GBP464 000). All conditions precedent in respect of the acquisition have been fulfilled.
03-Nov-2011
(C)
Rental income for the interim period increased to EUR902 461 (August 2010: EUR843 488). Loss from operating activities was at EUR209 623 (August 2010: loss of EUR778 608), while total comprehensive loss for the year was recorded at EUR196 266 (August 2010: loss of EUR489 948). Furthermore, loss per share decreased to EUR2.75cps (August 2010: loss of EUR6.94cps).



Dividend

As announced with the first-quarter results, a dividend for the five months to July 2011 was declared and paid immediately prior to the September capital raising. Accordingly, the company shall look to pay the next dividend in respect of the seven months to February 2012. It is the intention of the company to continue paying dividends twice a year.



Prospects

The business continues to progress well and substantial headway has been made with securing investment opportunities for the capital which was raised in September 2011.
29-Aug-2011
(Official Notice)
Shareholders were referred to the announcement dated 1 August 2011 regarding the private placement of MAS shares. Shareholders are hereby advised that in terms of the private placement, which closed at 12:00 (CET) on Friday, 26 August 2011, MAS successfully placed a total of 21 980 752 shares, thereby raising EUR21 980 752 via applications received on both the Euro-MTF market of the Luxembourg Stock Exchange and the JSE's AltX. For applicants who subscribed via the JSE the shares will be issued at an issue price of R10.31355 per share (the rand equivalent of the EUR1.00 per share issue price), based on the exchange rate of EUR1.00:R10.31355 at the close of business on Friday, 26 August 2011.



Successful applicants will be advised of their allocation of private placement shares by Wednesday, 31 August 2011. For applicants who subscribed for shares on the Euro-MTF market in terms of the private placement, posting of share certificates in respect of certificated shareholders who subscribed for shares will take place on or about Friday, 2 September 2011. The accounts at CSDPs, banks or brokers in respect of dematerialised shareholders who subscribed for shares will be updated on Friday, 2 September 2011. For applicants who subscribed for shares on the JSE in terms of the private placement, the allocated private placement shares will be transferred to successful applicants in dematerialised form on a 'delivery-versus-payment' basis on the date of listing, being Friday, 2 September 2011. The thanked existing shareholders and new applicants for their support in terms of the private placement.
01-Aug-2011
(Official Notice)
22-Jul-2011
(Official Notice)
Shareholders are referred to the dividend declaration announced on 15 July 2011 and are advised that shareholders on the South African share register will receive their cash dividend in South African Rand converted from Euro at the closing spot exchange rate of Euro 1 = ZAR 9.7780 on Thursday, 21 July 2011. Accordingly, the dividend of 2.14 Euro cents will be equal to 20.92492 South African cents per ordinary share.
15-Jul-2011
(C)
Rental income for the quarter amounted to EUR439 969 (May 2010: EUR407 743) and results from operating activities showed a profit of EUR211 386 (May 2010: Loss of EUR236 473). A net attributable profit of EUR45 512 (May 2010: Loss of EUR432 823) was made and the earnings per share was EUR0.2cps (May 2010: Loss per share of EUR2.8cps)



Dividend

Dividend of EUR2.14cps was declared.The establishment of a regular dividend payment cycle is evidence of the company's solid progress. The declaration of a dividend relating to the first five months of the new financial year is a demonstration of the directors' commitment to paying out the distributable core income on a regular basis.



Outlook

MAS plc is now firmly established in a semi-annual dividend payment cycle. However, given the imminent capital raising in August, the directors have declared a dividend for the 5 months to the end of July to be paid before the inflow of new investment capital. The distributable core income for the three months to 31 May 2011, together with the forecast income for the two months to 31 July 2011, amounts to 2.14 euro cents per share. The directors believe this to be a satisfying level of income generation on which they can build with additional investment funds to take advantage of opportunities in the market. Distributable core income, the effective net income from the underlying properties, is one of the key performance metrics and a focus of the company. The student residential development in Birmingham, to be known as Metchley Hall, is set for completion at the end of August in time for the autumn intake of students. The income generated by Metchley Hall will further strengthen the distributable core income.
15-Jul-2011
(Official Notice)
Shareholders are advised that the board of the company has declared a cash dividend of EUR2.14c per share in respect of the five months ending 31 July 2011. The salient dates and times of the dividend for shareholders on the European share register and shareholders on the South African share register are set out below.

*Announcement of euro to rand conversion rate on Friday, 22 July 2011

*Last day to trade on the Luxembourg Stock Exchange and JSE in order to be eligible for the dividend on Friday, 29 July 2011

*Trading commences ex-dividend on the Luxembourg Stock Exchange and JSE on Monday, 1 August 2011

*Record date for shareholders recorded on the European and South African share registers on Friday, 5 August 2011

*Payment date on Friday, 12 August 2011
17-Jun-2011
(Official Notice)
Shareholders are referred to the previous announcements, the last of which was released on 27 May 2011, in respect of the company's final dividend of 2.10 euro cents per share for the year ended 28 February 2011. The company hereby announces that following the election by shareholders either to receive cash ("cash dividend") or for the dividend to be applied to fund the issue of new shares and thereby to receive the final dividend in the form of shares in lieu of cash ("scrip dividend"), a total of 410,312 new shares are to be issued on market as listed shares today (Friday, 17 June 2011) on both the Euro MTF of the Luxembourg Stock Exchange and the Alternative Exchange of the JSE Limited. The new shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing.



Following the issue of the new shares in the company, the total issued share capital of the company will increase to 20,173,271 ordinary shares. Certificated shareholders who elected to receive the scrip dividend should note that share certificates in respect of the new shares will be posted to shareholders on or around 17 June 2011. Cheques in respect of the cash dividend will be dispatched on or around 17 June 2011 to shareholders who did not elect to receive new shares. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made.
09-Jun-2011
(Official Notice)
Shareholders are advised that MAS plc, which has a primary listing on the Luxembourg Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Limited, has been notified that pursuant to a share trade, the following shareholders` shareholding in the Company has changed as follows:

*Mergon Foundation (association incorporated under section 21 of the South African Companies Act, 1973) shareholding has decreased below 33.33% of total voting rights;

*BNF Investments (Pty) Ltd's shareholding has decreased below 20% of total voting rights; and

*Argosy Capital Ltd acquired shares in the company, representing more than 20% of total voting rights.

This notice is given by the company's board of directors in terms of the Rules and Regulations of the Luxembourg Stock Exchange.
27-May-2011
(Official Notice)
Shareholders are advised that the company's annual report ("the annual report"), incorporating the group audited financial statements for the year ended 28 February 2011, was posted to shareholders today and will be available on the company's website (www.masplc.com) shortly. The annual report contains a notice of a meeting for MAS shareholders, which will be held at the company's registered address being 25 Athol Street, Douglas Isle of Man on Wednesday, 13 July 2011 at 11:00 am (BST). The annual report contains the following changes to the abridged audited consolidated results which were announced on SENS and the Luxembourg Stock Exchange on 4 May 2011. A final review of the calculation of headline earnings identified that the fair value adjustments to investment property had not been excluded for the year ended 28 February 2011 and the year ended 28 February 2010. Accordingly, the restated headline earnings and restated headline earnings per share amounts are set out in the table below:

*Profit / (loss) for the year -- 28 February 2011: EUR 2 631 000 (28 February 2010: EUR 2 688 000)

*Headline earnings / (loss) -- 28 February 2011: EUR638 000 (28 February 2010: EUR1 299 000)

*Headline earnings / (loss) per share 28 February 2011: EUR3.4cps (28 Febnruary 2010: EUR38.0cps)



27-May-2011
(Official Notice)
Shareholders are referred to the dividend declaration announced on 19 May 2011 and are advised that shareholders on the South African register will receive their cash dividend in South African Rand converted from Euro at the closing spot exchange rate of Euro 1 = ZAR 9.8735 on Thursday, 26 May 2011.



Accordingly, the dividend of 2.10 Euro cents will be equal to 20.73435 South African cents per ordinary share. Shareholders are further advised that shareholders electing for the dividend to be applied to fund the issue of new shares ("New Shares") and thereby receiving shares in the company in lieu of cash in respect of the proposed final dividend for the year ended 28 February 2011, will receive 2.10000 New Shares for every 100 shares held in the company.



Trading in the electronic environment does not permit fractions and fractional entitlements. Therefore, where a shareholder makes an election for the dividend to be applied to fund the issue of shares, thereby receiving New Shares in lieu of cash, any entitlement which results in a fractional share of 0.5 and above shall be rounded up and any entitlement which results in a fractional share of less than 0.5 shall be rounded down to the nearest one whole New Share.

19-May-2011
(Official Notice)
Shareholders are advised that the Company has dispatched a notice to shareholders ("the dividend notice") regarding the final dividend of 2.10 euro cents per share ("the final 2011 dividend") declared by the company in respect of the year ended 28 February 2011, as announced on 4 May 2011 on SENS.



The board of MAS has decided to offer shareholders the opportunity to elect to receive a cash dividend or new shares ("new shares") in MAS credited as fully paid and in lieu of cash in respect of the final 2011 dividend. Shareholders who do not elect to receive new shares will automatically receive their dividend in cash. Details of the action required by shareholders on the European share register and by shareholders on the South African share register in respect of the final 2011 dividend are set out in the dividend notice.



Salient dates and times

The salient dates and times of the final 2011 dividend for shareholders on the European share register and shareholders on the South African share register are set out below.

*Letter and form of election posted to shareholders on Thursday, 19 May 2011

*Announcement of euro to rand conversion rate on Friday, 27 May 2011

*Last day to trade on the LuxSE and JSE in order to be eligible for the final 2011 dividend on Friday, 3 June 2011

*Trading commences ex-dividend on the LuxSE and JSE on Monday, 6 June 2011

*Record date for shareholders recorded on the European share register on Friday, 10 June 2011

*Record date for shareholders recorded on the South African share register on Friday, 10 June 2011

*Closing date for receipt of completed dividend election forms by no later than 12:00 (CET and South Africa standard time) on Friday, 10 June 2011

*Issue and listing date of new shares on or around Friday, 17June 2011

*CREST CSDP and broker accounts credited with new shares on or around Friday, 17June 2011

*Dispatch of cheques and share certificates for new shares on or around Friday, 17June 2011

*Announcement on LuxSE website and SENS of the amount of new shares issued on or around Friday, 17June 2011
04-May-2011
(C)
Rent received amounted EUR1.7 million (February 2010: EUR291 000) for the company's full-year results as at 28 February 2011. Results from operating activities showed a profit of EUR3.3 million (February 2010: Loss of EUR2.6 million) and the net attributable profit came to EUR3.1 million (February 2010: Loss of EUR2.7 million). In addition, the headline earnings per share amounted to EUR14.1cps (February 2010: Headline loss per share of EUR78.6cps).



Dividend

The directors have declared a final dividend for the year of 2.10 euro cents per share. This brings the total distribution for the year to 4.15 euro cents per share, which reflects a yield of 4.15% on the issue price of EUR 1 of the capital raised. In line with its long-term planning, MAS plc expects to build on this in the coming reporting periods as its portfolio matures further. Details and timing of the final dividend will be published in due course.



Prospects

The tenants in our current portfolio continue to trade well. In addition, the progress on the student residential development in Birmingham is encouraging and in line with our projections. Dividend The directors have declared a final dividend for the year of 2.10 euro cents per share. This brings the total distribution for the year to 4.15 euro cents per share, which reflects a yield of 4.15% on the issue price of EUR 1 of the capital raised. In line with its long-term planning, MAS plc expects to build on this in the coming reporting periods as its portfolio matures further. Details and timing of the final dividend will be published in due course.



Proposed capital raising

MAS plc proposes raising capital in the second quarter of 2011, subject to compliance with regulatory requirements in South Africa, Luxembourg and the Isle of Man. The capital will be deployed to make acquisitions of properties that diversify and enhance the company`s portfolio and income generation and the increase in issued shares will improve liquidity for shareholders. MAS plc has received in-principle institutional capital commitments of R200 million.
28-Feb-2011
(C)
Rent received for the nine months ended November was EUR1.3 million, and results from operating activities was EUR57 573, while total comprehensive income for the year was recorded as EUR152 107. Furthermore, a loss per share of EUR3.0 cents per share was posted.



Dividend

No dividend was declared for the period.



Prospects

The business continues to develop in line with expectation and the directors are pleased with the developments to date and remain confident about the future prospects.
13 Jan 2011 11:02:11
(Official Notice)
Shareholders are referred to the announcement of 30 November 2010 and further notice to shareholders dated 21 December 2010, where the company announced the maiden interim dividend of EUR2.05 cents per share for the year ending 28 February 2011. The company announced that following the election by shareholders for the dividend to be applied to fund the issue of new shares and thereby receiving the maiden interim dividend in the form of shares in lieu of cash, a total of 364 012 new shares ("new shares") are to be issued on market as listed shares on 13 January 2011 on the JSE Ltd. The new shares will rank pari passu in every respect with existing listed shares of the company and are fully fungible with effect from listing. Following the issue of the new shares in the company, the total issued share capital of the company will increase to 19 762 959 ordinary shares. Certificated shareholders should note that share certificates in respect of the new shares will be posted to shareholders on or around 13 January 2011. Cheques will be dispatched on or around 13 January to shareholders in respect of the cash dividend of EUR2.05 cents per share.
30 Dec 2010 13:31:45
(Official Notice)
Further to the dividend declaration announced on 30 November 2010, shareholders of the company are advised that shareholders electing for the dividend to be applied to fund the issue of new shares and thereby receiving shares in the company in lieu of cash in respect of the proposed interim dividend for the year ended 28 February 2011, will receive 2.05000 shares for every 100 shares held in the company.
30 Dec 2010 11:04:11
(Official Notice)
Further to the dividend declaration announced 30 November 2010, shareholders of the company were advised that shareholders on the South African register will receive their dividend in South African rand converted from euro at the closing spot exchange rate on Wednesday, 29 December 2010. South African shareholders are advised that the exchange rate to be used will be EUR1 = ZAR8.7315. Accordingly, the dividend of EUR2.05 cents will be equal to ZAR17.90 cents per ordinary share.
21 Dec 2010 14:01:47
(Official Notice)
30 Nov 2010 10:31:18
(C)
Rent received for the interim period soared to EUR843 488 (2009: EUR290 999). Loss from operating activities improved to EUR778 608 (2009: loss of EUR2.6 million), while total comprehensive loss for the year strengthened to EUR489 948 (2009: loss of EUR2.7 million). Furthermore, loss per share decreased to EUR6.9cps (2009: loss of EUR78.6cps).



Dividend

The company announced a maiden interim dividend of EUR2.05cps. This distribution is funded out of distributable core income earned during this period, which is the key metric for the determination of dividends.



Prospects

Operations in the second half of the year are expected to be similar to the first, which should result in a similar level of final dividend for the year.
30 Aug 2010 09:30:47
(C)
Rent received for the quarter amounted to EUR407 743 and results from operating activities showed a loss of EUR236 473. A net attributable loss of EUR432 823 was made and the loss per share was EUR2.8c.



Outlook

The outlook for the European property market remains mixed, with signs of continued stress particularly relating to debt funding. This scenario is likely to persist for some time, and provides an ideal opportunity for acquisitions at strong yields, with buyers having significant negotiating power. Management are confident of the prospects ahead for the company and believes the company is well positioned to capitalise on these.
30 Jul 2010 10:01:46
(Official Notice)
Shareholders are advised that the requisite majority of shareholders approved the resolution tabled at MAS PLC's shareholders meeting held on Wednesday, 28 July 2010. The resolution will be lodged with the Registrar of Companies for registration in due course. The board of MAS Plc announce the completion of an acquisition of a student residential property development site in Birmingham, England. The development is projected to be completed by September 2011 with a Gross Development value of circa GBP4.1 million. The property is well located being approximately 300 metres from the new university hospital and only half a mile from the University of Birmingham itself. Birmingham is the UK's second largest student city, with three Universities (Aston, Birmingham and Birmingham City) and two University Colleges (University College Birmingham and Newman) home to over 60,000 higher education students. There is a significant undersupply of well located, modern student accommodation, making this development particularly attractive for the student population. In addition, Birmingham is the second largest economy in the UK and is a national hub for conferences, retail and events along with an established high tech, research and development sector, supported by its three universities.
27 May 2010 16:09:34
(Official Notice)
The JSE would like to advise that we will be using a Headline Earnings per Share (HEPS) figure of -16.8 Euro cents for MAS plc in our statistical calculations e.g. PE Ratio, Earnings Yield etc. This figure was obtained from the company. This figure represents the 12 months ending 28 February 2010. If you have any queries please contact the Corporate Actions department at corporateactions@jse.co.za or +27 11 520 7152.
25 May 2010 17:14:29
(C)
Rent received amounted EUR291 000 for the company's maiden full-year results as a listed entity. Results from operating activities showed a loss of EUR2.6 million and the net attributable loss came to EUR2.7 million. In addition, the headline loss amounted to EUR78.6cps.



Prospects

The directors were pleased with the investments secured with the funds that were initially raised, and locked-in strong positive cash flows from these investments. With those funds now spent and having raised a further Euro 10 million, the group is in the process of negotiating on several interesting opportunities in continental Europe. The group is well placed to take advantage of such opportunities and will announce the transactions it completes to the market in due course.
07 Apr 2010 11:26:15
(Official Notice)
Shareholders were advised that in terms of the private placement, which closed at 12:00 (CET) on 31 March 2010, MAS successfully placed 10 079 126 shares at EUR1 per share, thereby raising EUR10 079 126 or R100 160 205. This brings the total share capital raised since commencement of business in 2009, to EUR19 388 947. Share certificates in respect of certificated applicants that subscribed for shares in terms of the private placement will be posted on or about 7 April 2010. Dematerialised applicants that subscribed for shares in terms of the private placement will have their accounts at their CSDP or broker updated on 7 April 2010.
05 Mar 2010 09:32:22
(Official Notice)
MAS announced a strategic change in the ownership structure of the holding company of MAS Property Advisors Ltd ("Masprop"), the company's investment adviser. Masprop is a wholly owned subsidiary of Exclusive Holdings Ltd ("Exclusive Holdings"). On 23 February 2010 the Sanlam Group, a listed South African financial services firm, through its business unit Sanlam International Investment Partnerships ("SIIP"), acquired a 33.3% interest in the shareholding of Exclusive Holdings. This transaction is the result of a strategic business partnership formed between the management of Exclusive Holdings and SIIP. SIIP has a stated strategic objective to expand its asset management operations through acquisitions or investments in businesses where a strong management ownership structure is retained. Hendrik Pfaff, managing director of SIIP and Robert Roux, Chief Operating Officer of Sanlam Investment Management will join the board of Exclusive Holdings.



MAS believes that this transaction will have a significant impact on Exclusive Holdings and Masprop. The opportunity for Exclusive and Masprop to partner with such a well regarded global investment organisation will enhance their capabilities as they will benefit from SIIP's expertise and capabilities in areas such as distribution channels, governance, business strategy input, capital management and leveraging service provider relationships. This influence will directly affect the impact that Masprop will have on MAS, thereby improving the company's business prospects and ultimately benefiting its shareholders.



MAS is currently underway with a second capital raising by way of a private placement of shares. The offer opened at 09:00 (CET) on 22 February 2010 and will close at 12:00 (CET) on 31 March 2010. The full details, terms and conditions of the private placing are contained in the prospectus issued by the company, which will be made available to existing Shareholders and select institutions, high net worth individuals and business associates, in South Africa, Europe and the Isle of Man.
19 Feb 2010 08:33:40
(Official Notice)
30 Nov 2009 15:34:07
(C)
Maiden interim results for MAS as a listed company showed a net attributable loss of EUR0.5 million. A loss per share of EUR253.4cps was recorded.



Outlook

The directors believe that MAS will be well positioned to capitalise on attractive investment opportunities over the next quarter.
17 Nov 2009 11:54:05
(C)
Loss before interest - taxation decreased to EUR34.9 million (2008:EUR6.6 million). Net loss decreased to EUR54.3 million (2008:EUR1.3 million).



Dividends per share

No quarterly dividends have been declared



Prospects

The directors believe that MAS plc will be well positioned to capitalise on attractive investment opportunities over the next quarter.
31 Aug 2009 10:14:58
(Official Notice)
Shareholders and potential investors are referred to the SENS announcement made on 24 August 2009, in relation to the proposed secondary listing of MAS on the AltX of the JSE. MAS is pleased to announce that it has this morning successfully completed its secondary listing on the AltX as envisaged. The company is of the view that the secondary listing will add significant value to the company's shareholders. Together with the existing listing in Luxembourg, the company is now well positioned for access to the right capital markets in order to capture the high quality investment opportunities available in the company's target investment jurisdictions.



The company wishes to advise shareholders that once the capital raised during its initial fundraising in Europe and South Africa has been fully invested, the company intends to return to the market with a view to raise fresh capital until a well balanced and well diversified portfolio of assets have been acquired. The company will make further announcements to the market on its plans for future capital raising at the appropriate time. For more information on the company, please go to: www.masplc.com.
05-May-2017
(X)
MAS is a real estate investment company. The company aims to generate sustainable and growing distributable earnings per share by acquiring, developing and operating retail, office, industrial, logistics and hotel assets in western Europe and in central and eastern Europe.



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