Transfer of the listing of mas from the Alternative Exchange (“Altx”) to the main board of the JSE 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”) TRANSFER OF THE LISTING OF MAS FROM THE ALTERNATIVE EXCHANGE (“ALTX”) TO THE MAIN BOARD OF THE JSE MAS is pleased to announce that the JSE has approved the transfer of its listing from the JSE’s AltX to the JSE’s Main Board with effect from Thursday, 18 December 2014 (“the transfer”). The transfer will not affect the Company’s current listing on the Euro MTF Market of the Luxembourg Stock Exchange. MAS is a real estate investment company with a portfolio of commercial properties in Western Europe. The Company aims to provide investors with an attractive, sustainable euro-based dividend and strong growth in value over time through its acquisition and asset management strategy. The Company’s current investment focus is on Germany, Switzerland and the United Kingdom. Following the transfer, the Company will be listed in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE, sector number 8633. 2014 Formal approval granted by the JSE for the transfer Wednesday, 10 December Effective date of the transfer Thursday, 18 December MAS shares to start trading on the Main Board Thursday, 18 December 10 December 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 2830042 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 10/12/2014 03:30:00 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.