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MAS REAL ESTATE INC - Acquisition of investment property in Germany

Release Date: 04/07/2014 12:30
Code(s): MSP     PDF:  
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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

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