Acquisition of investment property in Germany 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”) ACQUISITION OF INVESTMENT PROPERTY IN GERMANY INTRODUCTION Shareholders are advised that MAS has, through a wholly owned subsidiary, completed the acquisition of a DIY retail warehouse (the “Property”) situated in Baden-Württemberg, Germany (the "Acquisition"). The purchase price for the Property is EUR 9 150 000 before acquisition expenses. No debt has been used utilised as the Acquisition was funded from the proceeds raised pursuant to the capital raising undertaken in February 2014. The Property is let to a leading German retailer on a new 15 year lease. The initial net yield on total cost is 7.4%. RATIONALE AND SALIENT TERMS OF THE ACQUISITION MAS believes that this well located property will deliver long-term income which is secured on an established tenant and fits well with MAS’ long term income strategy. The effective date of the Acquisition is 1 July 2014. The current rent roll, paid quarterly in advance, is EUR 720 000 per annum. All conditions precedent in respect of the Acquisition have been fulfilled. 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. 4 July 2014 For further information please contact: Helen Cullen, Company Secretary, MAS Real Estate Inc. +44 1624 625 000 Java Capital, South African corporate advisor and JSE Sponsor +27 11 283 0042 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 04/07/2014 12:30:00 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.