MAS REAL ESTATE INC - Notice to MAS Shareholders in respect of the dividend for the year ended 28 February 2013

Notice to MAS Shareholders in respect of the dividend for the year ended 28 February 2013

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 YEAR ENDED 28 FEBRUARY 2013

Introduction

As announced on 2 May 2013, shareholders are advised that the board of the Company has approved a final dividend of
1.50 euro cents per share for the year ended 28 February 2013 (the “Dividend”). The Dividend will be paid to those
entitled to it 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 adjusted core income.

As at the date of this announcement, the Company had 66 238 363 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, 28 June
 Last day to trade on the Luxembourg Stock Exchange and JSE in order to be eligible for receipt of
 the Dividend on                                                                                             Friday, 5 July
 Trading commences ex-dividend on the Luxembourg Stock Exchange and JSE on                                   Monday, 8 July
 Record date for shareholders recorded on the European and South African share registers on                 Friday, 12 July
 Closing date for receipt of completed Cash Dividend election forms by no later than 12:00 CET on           Friday, 12 July
 Share certificates and dividend cheques posted, CREST/CSDP/participant/broker accounts
 credited/updated, payment of the Cash Dividend listing of New Shares on the Luxembourg Stock
 Exchange and JSE on                                                                                        Friday, 19 July
 Announcement on LuxSE website and SENS of the number of New Shares issued on or around                     Friday, 19 July



Share certificates may not be dematerialised or rematerialised between Monday, 8 July 2013 and Friday,
12 July 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, 12 July 2013 will receive their entitlement in 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, Wednesday, 19 June 2013.


19 June 2013

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




Date: 19/06/2013 01:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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