Amendment to publication of dealings in securities by directors, the company secretary & an associate of a director 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”) AMENDMENT TO PUBLICATION OF DEALINGS IN SECURITIES BY DIRECTORS, THE COMPANY SECRETARY AND BY AN ASSOCIATE OF A DIRECTOR OF MAS Shareholders are advised that following the announcement made on 12 October 2017 (the “12 October Announcement”), the Company was informed of two errors (the “Publication Errors”) relating to the numbers of new MAS shares received by Morné Wilken and Jonathan Knight, both being directors of the Company, pursuant to a final distribution for the year ended 30 June 2017. As a result, the Company wishes to publish the following in relation to new MAS shares received by Morné Wilken and Jonathan Knight. This announcement is merely a correction of the Publication Errors contained in the 12 October Announcement and does not constitute a notification of additional transactions being concluded by Persons Discharging Managerial Responsibilities as defined in the EU Market Abuse Regulation. 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Morné Wilken 2. Reason for the notification a) Position / status Director b) Initial notification / Initial notification amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name MAS Real Estate Inc. b) LEI 213800T1TZPGQ7HS4Q13 4. Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the Ordinary Shares financial instrument, type of instrument Identification code ISIN: VGG5884M1041 b) Nature of the transaction Receipt of ordinary shares in terms of the default option under the distribution election c) Price(s) and volume(s) Price(s) Volume(s) Price per Security: ZAR 26.41325 1,181 d) Aggregated information — Aggregated volume 1,181 — Price ZAR 26.41325 e) Date of the transaction 11-10- 2017 f) Place of the transaction Outside trading venue Name of director: Morné Wilken Transaction date: 6 October 2017 Class of securities: Ordinary shares Number of securities: 1,181 Price per security: ZAR 26.41325 Total value of transaction: ZAR 31 220.4615 Nature of transaction: Off-market receipt of ordinary shares in terms of the default option under the distribution election Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Jonathan Knight 2. Reason for the notification a) Position / status Director b) Initial notification / Initial notification amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name MAS Real Estate Inc. b) LEI 213800T1TZPGQ7HS4Q13 4. Details of the transaction(s) section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the Ordinary Shares financial instrument, type of instrument Identification code ISIN: VGG5884M1041 b) Nature of the transaction Receipt of ordinary shares in terms of the default option under the distribution election c) Price(s) and volume(s) Price(s) Volume(s) Price per Security: EUR 1.667935 10183 d) Aggregated information — Aggregated volume 10,183 — Price EUR 1.667935 e) Date of the transaction 11-10-2017 f) Place of the transaction Outside trading venue MAS holds a dual primary listing on the Main Board of the JSE and the Euro MTF market of the LuxSE. 16 October 2017 For further information please contact: Helen Cullen, Company Secretary, MAS Real Estate Inc. +44 1624 625000 Java Capital, JSE Sponsor +27 11 722 3050 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 16/10/2017 05:01:00 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.