Proposed acquisition of investment property, co-investment partnership and cautionary announcement 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”) PROPOSED ACQUISITION OF INVESTMENT PROPERTY, CO-INVESTMENT PARTNERSHIP AND CAUTIONARY ANNOUNCEMENT PROPOSED ACQUISITION Shareholders are advised that MAS has entered into negotiations to acquire a dominant regional shopping centre in central and eastern Europe (“the acquisition”). If concluded, the acquisition will be categorised as a Category 2 transaction under the JSE Listings Requirements. CO-INVESTMENT PARTNERSHIP WITH PRIME KAPITAL The acquisition is to be undertaken under the terms of a co-investment agreement between MAS and Prime Kapital Limited. CAUTIONARY ANNOUNCEMENT If successful the finalisation and implementation of the acquisition may have a material effect on the price of the Company’s securities and therefore shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made. MAS is dual primary listed on the Main Board of the JSE and the Euro MTF market of the LuxSE. 3 October 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: 03/10/2016 09:30:00 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.