MAS REAL ESTATE INC - Update in respect of the dividend for the ten months ended 31 December 2013

Update in respect of the dividend for the ten months ended 31 December 2013

MAS Real Estate Inc.
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”)


UPDATE IN RESPECT OF THE DIVIDEND FOR THE TEN MONTHS ENDED 31 DECEMBER 2013


Shareholders are referred to the dividend declaration announced on Thursday, 15 May 2014, (the “Dividend”)
and are advised that shareholders on the South African share register who elect to receive the Dividend by way
of a cash payment (the “Cash Dividend”) in lieu of an issue of new ordinary shares of no par value in MAS
(“New Shares”) will receive their Cash Dividend in South African rand converted from euro at the closing spot
exchange rate of EUR1.00 : ZAR14.195 on Thursday, 22 May 2014. Accordingly, the Dividend of 0.60 of a euro
cent per share will be equal to 8.517 ZAR cents per share.

Shareholders on the South African share register will receive New Shares in the ratio of 0.5 New Shares for
every 100 MAS shares held by the shareholder at the record date, being Friday, 6 June 2014.

The information provided in this paragraph is only of direct application to shareholders on the South African
share register. The gross local dividend amount is 8.517 ZAR cents per share for shareholders exempt from
paying South African dividends tax. The net local dividend amount is 7.23945 ZAR cents per share for
shareholders liable to pay the dividends tax rate of 15%. As the company is not a South African registered
company, it does not have any STC credits available for set-off against the dividends tax liability.

MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing
on the Alternative Exchange of the JSE.


23 May 2014

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                             +44 1624 625000
Java Capital, South African corporate advisor and JSE Sponsor                     +27 11 283 0042
Charl Brand, M Partners, Luxembourg                                               +352 263 868 602

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