Notice to shareholders' meeting to consider adopting new memorandum and articles of association 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”) NOTICE OF SHAREHOLDERS’ MEETING TO CONSIDER ADOPTING NEW MEMORANDUM AND ARTICLES OF ASSOCIATION Shareholders are advised that the Company has today, Wednesday, 12 November 2014, posted a circular to MAS shareholders incorporating a notice of a shareholders’ meeting to be held on Thursday, 27 November 2014 at 10.00am (GMT) to consider and adopt the proposed new Memorandum and Articles of Association of the Company. The proposed new Memorandum and Articles of Association are required to ensure compliance with the JSE Listings Requirements in anticipation of the migration of the Company’s listing from the Alternative Exchange of the JSE to the Main Board of the JSE. A copy of the circular to MAS shareholders containing the notice of shareholders’ meeting and a letter to shareholders setting out the proposed amendments to the Memorandum and Articles of Association as well as a full copy of the New Memorandum and Articles of Association of the Company are available on the Company’s website, www.masrei.com. The record date on which shareholders must be recorded in the Company’s register in order to attend and vote at the meeting is Tuesday, 25 November 2014. 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. 12 November 2014 For further information please contact: Helen Cullen, Company Secretary, MAS Real Estate Inc. +44 1624 625000 Java Capital, JSE Sponsor +27 11 2830042 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 12/11/2014 04:30:00 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.