MAS REAL ESTATE INC - Results of the private placement

Results of 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”)

RESULTS OF THE PRIVATE PLACEMENT

Reference is made to the MAS announcements, the last of which was released on 25 February 2014, regarding
the Company’s private placement.

Shareholders are hereby advised that under the private placement, which closed at 12:00 (CET) on Tuesday, 
11 March 2014, MAS successfully placed a total of 173 987 429 new shares, thereby raising approximately
ZAR 2 740 302 000 (EUR 183 287 985) via applications received on both the South African register and the
European share register. The private placement was heavily oversubscribed at this level.

For applicants who subscribed via the South African register, the private placement shares will be issued at an
issue price of ZAR 15.75 per share.

For applicants who subscribed via the European share register, the private placement shares will be issued at
an issue price of EUR 1.05346 per share, based on the exchange rate of EUR 1.00:ZAR 14.9508 on Tuesday,
11 March 2014.

Successful applicants will be advised of their allocation of private placement shares by Friday, 14 March 2014.

For applicants who subscribed for shares under the private placement on the South African register, the
allocated private placement shares will be transferred to successful applicants in dematerialised form on a
‘delivery-versus-payment’ basis on the date of listing, being Thursday, 20 March 2014.

For applicants who subscribed for shares under the private placement on the European share register, the
posting of share certificates in respect of certificated shareholders who subscribed for shares will take place on
or about Thursday, 20 March 2014. The accounts at CSDPs, banks or brokers in respect of dematerialised
shareholders who subscribed for shares will be updated on Thursday, 20 March 2014.

The board wishes to thank existing shareholders and new applicants for their support of the private placement.

12 March 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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