Notice of shareholders’ meeting and proposed amendment to the Articles of Association of the Company 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 JSE share code: MSP ISIN: VGG5884M1041 (“MAS” or the “Company”) NOTICE OF SHAREHOLDERS’ MEETING AND PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY Shareholders are advised that the Company has today, Friday, 17 April 2015, posted a notice to convene a shareholders' meeting of the Company, to be held on Tuesday, 19 May 2015 at 10.00 am (BST) (the “Meeting”), at which two amendments to the Articles of Association (the "Articles") will be proposed, providing the board of directors with authority to issue a modest number of shares at their discretion without invoking the pre-emption rights in the current Articles. A copy of the notice of the Meeting setting out the proposed amendments and a letter to shareholders providing an explanation of the proposed amendments are available on the Company’s website, www.masrei.com. The Meeting will be held at 25 Athol Street, Douglas, Isle of Man. The record date on which shareholders must be recorded in the Company’s share register in order to attend and vote at the Meeting is Friday, 15 May 2015. MAS is listed on the Main Board of the JSE and on the Euro MTF Market of the Luxembourg Stock Exchange. 17 April 2015 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 11 722 3050 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 17/04/2015 01:00:00 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.