Dealings In Securities By Directors And Associates Of Directors Of Mas 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”) DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS OF MAS Shareholders are advised of the following information relating to dealings in securities by directors and associates of directors of MAS pursuant to the distribution election in respect of the final distribution for the year ended 30 June 2015, as announced on 14 October 2015 whereby the default option was the issue of new MAS shares at a price of EUR1.2151875 per share, as further announced on 23 October 2015 (“the distribution election”): Name of director: Jonathan Knight Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 9 143 Price per security: EUR1.2151875 Total value: EUR11 110.46 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Direct beneficial Clearance to deal received: Not applicable Name of director: Lukas Nakos Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 2 Price per security: EUR1.2151875 Total value: EUR2.430375 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Direct beneficial Clearance to deal received: Not applicable Name of associate: 2Fireflies Capital Inc Name of director and relationship to director: Malcolm Levy who is the sole director of 2Fireflies Capital Inc. Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 26 481 Price per security: EUR1.2151875 Total value: EUR32 179.38 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Indirect beneficial Clearance to deal received: Not applicable Name of director: Ron Spencer Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 199 Price per security: EUR1.2151875 Total value: EUR241.82 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Direct beneficial Clearance to deal received: Not applicable Name of company secretary: Helen Cullen Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 252 Price per security: EUR1.2151875 Total value: EUR306.23 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of interest: Direct beneficial Clearance to deal received: Not applicable Name of director: Morne Wilken Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 974 Price per security: ZAR18.59322 Total value: ZAR18 109.80 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Direct beneficial Clearance to deal received: Not applicable Name of associate: Trinsam Trust Name of director and relationship to director: Morne Wilken who is a trustee and beneficiary of Trinsam Trust Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 4 102 Price per security: ZAR18.59322 Total value: ZAR76 269.39 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Indirect beneficial Clearance to deal received: Not applicable 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: 11 November 2015 Class of securities: Ordinary shares Number of securities: 777 417 Price per security: EUR1.2151875 Total value: EUR944 707.42 Nature of transaction: Receipt of shares in terms of the default option under the distribution election Nature and extent of director's interest: Indirect beneficial Clearance to deal received: Not applicable MAS is listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the main board of the Johannesburg Stock Exchange. 17 November 2015 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 11 722 3069 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 17/11/2015 05:45:00 Produced by the JSE SENS Department. 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