MAS REAL ESTATE INC - Acquisition of Portfolio of Investment Properties in Germany

Acquisition of Portfolio of Investment Properties 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 PORTFOLIO OF INVESTMENT PROPERTIES IN GERMANY


INTRODUCTION

Shareholders are advised that MAS has, through a wholly owned subsidiary, completed the acquisition of a portfolio of
DIY retail warehouses, at the end of September 2014, situated in Frankenthal, Gummersbach and Nordhausen,
Germany (the "property portfolio" or “properties”) for an aggregate purchase price (before acquisition expenses) of
EUR 26 200 000 (the “acquisition”).

The purchase price for the acquisition was entirely funded from the proceeds of the capital raising undertaken in
February 2014. The properties are let to a leading German retailer on new 15 year leases. The initial net yield on
total purchase price is 7.7%.

RATIONALE AND SALIENT TERMS OF THE ACQUISITION

MAS believes that this property portfolio fits well with MAS’ long-term income strategy. These well located properties
are expected to deliver long-term income which are secured on an established tenant.

The current annual rent roll, paid quarterly in advance, is EUR 2 200 000 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.



6 October 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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