Results of the distribution election 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”) RESULTS OF THE DISTRIBUTION ELECTION FOR THE YEAR ENDED 30 JUNE 2017 Shareholders are referred to the previous announcements, the last of which was released on Thursday, 5 October 2017, in respect of the distribution of 3.19 euro cents per share for the year ended 30 June 2017 (the “Distribution”). The Company hereby announces that a total of 6 250 082 new shares (“New Shares”) were listed today on both the Euro MTF market of the Luxembourg Stock Exchange (“LuxSE”) and the Main Board of the JSE Limited (“JSE”) and were issued to those shareholders who did not elect to receive the Distribution in cash (“Cash Distribution”). The New Shares will rank pari passu in every respect with the existing listed shares of the Company and are fully fungible with effect from listing. Following the issue of the New Shares in the Company and the listing thereof on both the LuxSE and the JSE, the total issued and listed share capital of the Company will increase to 564 008 369 ordinary no par value shares. Certificated shareholders who did not elect to receive the Cash Distribution should note that share certificates were posted to shareholders today. Cheques in respect of the Cash Distribution were dispatched today to shareholders who elected to receive the Cash Distribution. Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares are in the process of being credited, according to the elections made. MAS is listed on the Euro MTF market of the LuxSE and on the Main Board of the JSE. 11 October 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: 11/10/2017 11:00:00 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.