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 Date: 23/05/2014 12:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.