Dealings in securities by a director of MAS 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 213800T1TZPGQ7HS4Q13 (“MAS” or the “Company”) DEALINGS IN SECURITIES BY A DIRECTOR OF MAS As announced on 17 October 2017, Morné Wilken will be taking over as Chief Executive Officer of MAS, effective 1 January 2018, and consequently, is in the process of restructuring his personal affairs before relocating to the Isle of Man. In accordance with the JSE Listings Requirements, shareholders are advised of the following sale of securities: Name of director: Morné Wilken Transaction date: 24 October 2017 Class of securities: Ordinary shares Number of securities: 5 146 Highest traded price per security:* ZAR 31.00 Weighted average price per security: ZAR 30.85712 Lowest traded price per security:* ZAR 30.70 Total value of transaction: ZAR 158 790.74 Nature of transaction: Sale of ordinary shares on the Johannesburg Stock Exchange Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes *Highest and lowest traded prices per security on the market on the day. In accordance with the requirements of the EU Market Abuse Regulation, the notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them is set out below: NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Morne Wilken 2. Reason for the notification a) Position / status Director b) Initial notification / amendment Initial notification Details of the issuer, emission allowance market participant, auction platform, auctioneer or 3. 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 Description of the financial Ordinary shares a) instrument, type of instrument Identification code ISIN: VGG5884M1041 b) Nature of the transaction Sale of ordinary shares Price(s) Volume(s) ZAR 30.85 1 482 ZAR 30.86 1 575 c) Price(s) and volume(s) ZAR 30.86 2 089 Aggregated information — Aggregated volume 5 146 d) — Price ZAR 158 790.74 e) Date of the transaction 2017-10-24 f) Place of the transaction Johannesburg Stock Exchange MAS is listed on both the Main Board of the JSE and the Euro MTF market of the LuxSE. 26 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: 26/10/2017 05:20:00 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.