MAS REAL ESTATE INC - Update with respect to the private placement

Update with respect to the private placement

MAS Real Estate Inc.
(formerly MAS plc)
Registered in the British Virgin Islands
Registration number 1750199
Registered as an external company in the Republic of South Africa
Registration number 2010/000338/10
SEDOL (XLUX): B96VLJ5
SEDOL (ALTX): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)


UPDATE WITH RESPECT TO THE PRIVATE PLACEMENT


Reference is made to the announcements, the last of which was released on 19 February 2014, regarding
the Company’s private placement.

Given the high levels of interest, the MAS management team is continuing to meet and engage with key
shareholders and potential new investors and is working to finalise the amount by which to increase the
number of new shares to be offered and therefore the amount of capital to be raised in terms of the private
placement. Final details in this regard will be announced by Tuesday 25 February 2014. As such, the
opening of the private placement scheduled for this Monday, 24 February 2014 has been postponed.

This increase in the amount of capital to be raised requires an updated notice period in terms of the pre-
emptive rights afforded to existing shareholders in terms of the Company’s articles of association. The
updated important dates and times in respect of the private placement are as follows:
                                                                                                                      2014

     Last day to trade for existing shareholders to be recorded on the share                           Friday, 14 February
     registers to be entitled to participate in the private placement

     Final issue price released on the LuxSE website and SENS on                                    Wednesday, 19 February

     Record date for existing shareholders to participate in the private placement                     Friday, 21 February

     Confirmation of the maximum number of new shares to be offered and                               Tuesday, 25 February
     amount of capital to be raised in terms of the private placement released on
     the LuxSE website and SENS by

     Issue of final application forms to applicants by                                              Wednesday, 26 February

     Opening date of the private placement at 09:00 (CET) on                                              Tuesday, 4 March

     Closing date of the private placement at 12:00 (CET) on                                             Tuesday, 11 March

     Results of the private placement released on the LuxSE website and SENS                           Wednesday, 12 March

     Notification of allotments by                                                                        Friday, 14 March

     Payment of subscription amount and accounts at CSDP, banks or broker                               Thursday, 20 March
     updated on or before 08:00 (CET) on

     Listing of private placement shares on the Euro-MTF and the Altx at                                Thursday, 20 March
     commencement of trade on

     Posting of share certificates in respect of certificated shareholders that                         Thursday, 20 March
     subscribed for shares in terms of the private placement on

     Accounts at CSDP, banks or broker updated in respect of dematerialised                             Thursday, 20 March
     shareholders that subscribed for shares in terms of the private placement
     on(2)

     Refund of any over-subscriptions for applicants subscribing for applicants                           Monday, 24 March
     subscribing for certificated shares (only applicable for applicants on the
     Luxembourg share register)

      Notes
      (1)
          All references to time are Central European Time. The above dates and times are subject to change. Any such
          amendment will be announced on the LuxSE website (http://www.bourse.lu/Accueil.jsp) and SENS.
      (2)
          Payment in respect of dematerialised shareholders will be on a delivery versus payment basis.




21 February 2014

For further information please contact:
Helen Cullen, Company secretary, MAS Real Estate Inc.                 +44 1624 625000
Java Capital, Corporate advisor, bookrunner and JSE sponsor           +27 11 283 0042
Charl Brand, M Partners, Luxembourg legal advisor                     +352 26 386 8602



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