Dealing In Securities By An Associate Of Directors 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”) DEALING IN SECURITIES BY AN ASSOCIATE OF DIRECTORS Shareholders are advised of the following information relating to the dealing in securities by an associate of a director and an alternate director of MAS: Name of associate: Argosy Capital Limited Name of directors and relationship to directors: Pierre Goosen and his alternate Dewald Joubert are shareholders and directors of Argosy Capital Limited Transaction date: 15 October 2015 Class of securities Ordinary shares Number of securities: 9 444 635 Price per security: ZAR19.22 Total value of transaction: ZAR181 525 884.70 Nature of transaction: On-market purchase Nature and extent of director's interest: Indirect beneficial MAS is listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the main board of the Johannesburg Stock Exchange. 21 October 2015 For further information please contact: Helen Cullen, Company Secretary, MAS Real Estate Inc. +44 1624 625000 Java Capital, JSE Sponsor +27 11 722 3050 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 21/10/2015 11:30:00 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.