MSP - MAS Plc - Acquisition of redevelopment site in Lewes town centre,

MSP - MAS Plc - Acquisition of redevelopment site in Lewes town centre,         
Sussex, UK                                                                      
MAS PLC                                                                         
(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                                                             
ISIN: IM00B4LFGH00                                                              
("MAS plc" or the "Company")                                                    
ACQUISITION OF REDEVELOPMENT SITE IN LEWES TOWN CENTRE, SUSSEX, UK              
INTRODUCTION                                                                    
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.                
RATIONALE FOR THE ACQUISITION                                                   
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.                                                          
SALIENT TERMS OF THE ACQUISITION AND CONDITIONS PRECEDENT                       
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.     
* Figures are disclosed in euros, the functional currency of the Company.       
The assumed exchange rate at the close of business on 10 February 2012 is       
1,1938 EUR/GBP.                                                                 
17 February 2012                                                                
For further information please contact:                                         
MAS plc, Helen Cullen +44 1624 625000                                           
Charl Brand, M Partners, Luxembourg +352 263868                                 
Java Capital, JSE Sponsor +27 11 283 0042                                       
Date: 17/02/2012 12:00:02 Supplied by www.sharenet.co.za                     
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