Listing of shares as a result of the accelerated book build MAS Real Estate Inc. Registered in the British Virgin Islands Registration number 1750199 SEDOL (EMTF): B96VLJ5 SEDOL (JSE): B96TSD2 JSE share code: MSP ISIN: VGG5884M1041 LEI code: 213800T1TZPGQ7HS4Q13 (“MAS” or the “Company”) LISTING OF SHARES AS A RESULT OF THE ACCELERATED BOOK BUILD Shareholders are referred to the announcements published on 23 November 2017 detailing the opening and closing of a successful accelerated book build of approximately ZAR 2.6 billion (the “Book Build”). Prior to the Book Build, the total issued share capital of the Company was 564,008,365 ordinary no par value shares. The Company hereby announces that a total of 82,757,421 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 (the “Book Build Shares”). The Book Build Shares will rank pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing. Following the issue and listing of the Book Build Shares, the total issued and listed share capital of the Company has increased to 646,765,786 ordinary no par value shares. MAS is listed on both the Main Board of the JSE and the Euro MTF market of the LuxSE. 6 December 2017 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: 06/12/2017 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.