MSP - Mas Plc - Results of private placement

MSP - Mas Plc - Results of private placement                                    
MAS PLC                                                                         
Previously Mergon Property Holdings Limited                                     
(Incorporated in the Isle of Man)                                               
(Registration number 2893V)                                                     
(Registered as an external company in the Republic of South Africa)             
(Registration number 2010/000338/10)                                            
JSE Share code: MSP                                                             
SEDOL: B4LFGHO                                                                  
ISIN: IM00B4LFGH00                                                              
("MAS" or "the Company")                                                        
RESULTS OF PRIVATE PLACEMENT                                                    
Shareholders are referred to the announcement dated 19 February 2010 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 31 March 2010,   
MAS successfully placed 10 079 126 shares at Euro1 per share, thereby raising   
Euro10 079 126 or R100 160 205. This brings the total share capital raised since
commencement of business in 2009, to Euro19 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.                                                                     
The board wishes to thank existing shareholders and new applicants for their    
support in terms of the private placement and confidence in the MAS strategy    
going forward.                                                                  
Isle of Man                                                                     
7 April 2010                                                                    
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 07/04/2010 11:23:01 Supplied by www.sharenet.co.za                     
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