MAS PLC - Notice to MAS shareholders in respect of the dividend for the six months ended 31 August 2012

Notice to MAS shareholders in respect of the dividend for the six months ended 31 August 2012

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
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)

NOTICE TO MAS SHAREHOLDERS IN RESPECT OF THE DIVIDEND FOR THE SIX MONTHS ENDED 31 AUGUST 2012

Introduction
As announced on 7 November 2012, shareholders are advised that the board of the Company has declared a dividend of 1.91 euro cents per
share in respect of the six months ended 31 August 2012 (“the Dividend”). The Dividend will be paid by way of an issue of new ordinary
shares of no par value in MAS (“New Shares”) credited as fully paid, unless shareholders elect to receive the Dividend by way of a cash
payment in lieu of New Shares (“the Cash Dividend”). The New Shares will be issued at €1.05 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 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 core income.

As at the date of this announcement, the Company had 42 798 832 ordinary, no par value shares in issue.

Salient dates and times
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.
                                                                                                                                                 2013
 Announcement of euro to rand conversion rate (relevant to shareholders on South African register only) on                         Friday, 11 January
 Last day to trade on the Luxembourg Stock Exchange (“LuxSE”) and JSE in order to be eligible for receipt
 of the Dividend on                                                                                                                Friday, 18 January
 Trading commences ex-dividend on the LuxSE and JSE on                                                                             Monday, 21 January
 Record date for shareholders recorded on the European and South African share registers                                           Friday, 25 January
 Closing date for receipt of completed Cash Dividend election forms by no later than 12:00 CET                                     Friday, 25 January
 Share certificates and dividend cheques posted, CREST/CSDP/participant/broker accounts
 credited/updated, payment of the Cash Dividend and listing of New Shares on the LuxSE and JSE on                                  Friday, 1 February
 Announcement on LuxSE website and SENS of the number of New Shares issued on or around                                            Friday, 1 February

Share certificates may not be dematerialised or rematerialised between Monday, 21 January 2013 and Friday, 25 January 2013, both days
included and transfers between the European and South African share registers may not take place during that period.

Dematerialised shareholders should not trade their share entitlements until the shares have been updated to their account with their CSDP or
broker.

Shareholders who do not send a duly-completed Cash Dividend election form to the Company for receipt by it before 12:00 CET on Friday,
25 January 2013 will receive their entitlement to New Shares.

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

South African resident shareholders:

As the Company is not a South African registered company, it does not have any STC credits.

The issue of New Shares and the Cash Dividend may have tax implications for shareholders.

The receipt of New Shares by South African resident shareholders should not be classified as a dividend or a foreign dividend for South
African tax purposes and accordingly South African dividends tax should not be levied on the New Shares. However, the legislation in this
regard is complex and its implementation is currently uncertain. Accordingly, shareholders should seek independent professional tax advice.
For those South African resident shareholders receiving the Cash Dividend, such amount will be regarded as a foreign dividend but 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.

A notice to MAS shareholders in respect of the Dividend together with accompanying election forms, have been posted to shareholders
today, 4 January 2013.

4 January 2013

For further information please contact:
Helen Cullen, MAS Real Estate Inc., Company Secretary                           +44 1624 625000
Errol Germon, Java Capital, JSE Sponsor                                         +27 11 2830042
Charl Brand, M Partners, Luxembourg                                             +352 263 868 602

Date: 04/01/2013 03:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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