MAS REAL ESTATE INC - Announcement of finalisation information in respect of interim distribution for six months ended 31 December 2016

Announcement of finalisation information in respect of interim distribution for six months ended 31 December 2016

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”)


ANNOUNCEMENT OF FINALISATION INFORMATION IN RESPECT OF THE INTERIM DISTRIBUTION FOR THE SIX MONTH PERIOD ENDED 
31 DECEMBER 2016


Shareholders are referred to the announcement released on Monday, 6 March 2017 regarding the interim distribution
for the six month period ended 31 December 2016 (the “Distribution”) and are advised that shareholders on the
South African share register who elect to receive the Distribution by way of a cash payment (the “Cash Distribution”)
in lieu of an issue of new ordinary shares of no par value in MAS (“New Shares”) will receive their Cash Distribution in
South African rand converted from euro at an exchange rate of EUR1.00 : ZAR14.0681 (the “Conversion Rate”).
Accordingly, the Distribution of 2.66 euro cents per share will be equal to 37.42115 ZAR cents per share.

The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that the
Distribution bears to the reference price of ZAR21.50569, being a five percent discount to the five-day volume
weighted average price of MAS shares on the JSE on Friday, 10 March 2017, converted to euro at the Conversion
Rate. Shareholders will receive New Shares in the ratio of 1.74006 New Shares for every 100 MAS shares held by
the shareholder at the record date, being Friday, 24 March 2017.

The information provided in this paragraph is only of direct application to shareholders on the South African share
register. The gross local distribution amount is 37.42115 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local distribution amount is 29.93692 ZAR cents per share for shareholders liable
to pay the dividend’s tax rate of 20%.

Should all shareholders elect to receive the return of capital, the maximum total number of New Shares to be issued
pursuant to the return of capital would be approximately 6 845 985 New Shares. If all shareholders were to receive the
Cash Distribution, the value of the Distribution would amount to EUR10 465 340 and will be funded from the company’s 
distributable reserves.

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


13 March 2017

For further information please contact:

                                                                            Telephone
Helen Cullen, Company Secretary, MAS Real Estate Inc.                       +44 1624 625 000
Java Capital, South African corporate advisor and JSE sponsor               +27 11 722 3050
Charl Brand, M Partners, Luxembourg                                         +352 263 868 602

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