Completion of acquisition of property portfolio in Germany 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”) COMPLETION OF ACQUISITION OF PROPERTY PORTFOLIO IN GERMANY INTRODUCTION Further to the announcement made on 5 April 2016, shareholders are advised that MAS has, through three wholly-owned subsidiaries, Brandenburg Capital S.à.r.l., Magdeburg Capital S.à.r.l. and Leipzig Capital S.à.r.l., completed the acquisition of a portfolio of twenty properties (the “properties”) throughout northern and central Germany (the “acquisition”). RATIONALE AND SALIENT TERMS OF THE ACQUISITION There are no changes to the rationale and salient terms of the acquisition which were set out in the announcement on 5 April 2016. The purchase price for the properties is EUR56 010 400 and the annual rent roll from the tenant, Edeka MIHA AG, is EUR3 849 000 per annum. EFFECTIVE DATE The acquisition was completed in two phases. Phase 1, Brandenburg Capital S.à.r.l., completed on 31 July 2016 and phase 2, Magdeburg Capital S.à.r.l., and Leipzig Capital S.à.r.l., completed on 31 August 2016. This announcement is voluntary and for information purposes only. MAS holds a dual primary listing on the Main Board of the JSE and the Euro MTF Market of the LuxSE. 7 September 2016 For further information please contact: Helen Cullen, Company Secretary, MAS Real Estate Inc. +44 1624 625 000 Java Capital, JSE Sponsor +27 11 722 3050 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 07/09/2016 05:00:00 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.