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 Date: 13/03/2017 10:30:00 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.