Announcement of finalisation information in respect of the final distribution for the year ended 30 June 2017 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 (EMTF): B96VLJ5 SEDOL (JSE): B96TSD2 JSE share code: MSP ISIN: VGG5884M1041 LEI code: 213800T1TZPGQ7HS4Q13 (“MAS” or “the Company”) ANNOUNCEMENT OF FINALISATION INFORMATION IN RESPECT OF THE FINAL DISTRIBUTION FOR THE YEAR ENDED 30 JUNE 2017 Shareholders are referred to the distribution declaration announced on 13 September 2017 (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 the closing spot exchange as at Friday, 22 September 2017 of EUR1.00 : ZAR15.8359 (the “Conversion Rate”). Accordingly, the Distribution of 3.19 euro cents per share will be equal to 50.51652 ZAR cents per share. The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that 3.19 euro cents per share bears to the relevant share price (the “Ratio Price”). The Ratio Price is a five percent discount to the five-day volume weighted average price of MAS shares on the JSE at the close of business on Friday, 22 September 2017, converted to euro at the Conversion Rate . The Ratio Price applicable to MAS shareholders is 166.79349 euro cents per share. Shareholders will receive New Shares in the ratio of 1.91254 New Shares for every 100 MAS shares held by the shareholder at the record date, being Friday, 6 October 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 50.51652 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is 40.41322 ZAR cents per share for shareholders liable to pay dividends tax at a rate of 20%. Should all shareholders receive the New Shares, pursuant to a return of capital, the maximum amount of New Shares to be issued is 10,667,376. If all shareholders were to receive the Cash Distribution, the value of the Distribution would amount to EUR 17,792,489.36 and would be funded from the company’s distributable reserves. MAS is listed on both the Main Board of the JSE and on the Euro MTF market of the LuxSE. 26 September 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: 26/09/2017 10:00:00 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.