MAS REAL ESTATE INC - Update Relating To Director

Update Relating To Director

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”)


UPDATE RELATING TO DIRECTOR


Lukas Nakos, the CEO of MAS, has advised the board of directors that he has been included as a party to
regulatory directors’ disqualification proceedings in the Isle of Man. These proceedings arise from directorships
held by Lukas prior to and until June 2008. The allegations are unrelated to and pre-date the establishment of
MAS. Lukas has advised the board that, as regards his conduct as a director more than eight years ago, he is
strongly defending the allegations against him and he does not consider there to be any grounds upon which he
may be disqualified to act as a director in the Isle of Man. He has taken legal advice to protect his position.

The board of MAS has considered the governance and management of the Company and remains firmly of the
view that Lukas’ conduct and performance of his duties as a director and CEO has been exemplary in all
respects and the board and majority shareholders of MAS continue to support him.

MAS has retained independent legal advisors regarding the disqualification proceedings against Lukas and will
continue to monitor progress and provide further updates as and when appropriate.

MAS is dual listed on the Main Board of the JSE and Euro MTF market of the LuxSE.


24 June 2016

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.        +44 162 462 5000
Java Capital, JSE Sponsor                                    +27 11 722 3050
Charl Brand, M Partners, Luxembourg                          +352 263 868 602

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