Trading Statement 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” ) TRADING STATEMENT In terms of the JSE Listings Requirements, property entities are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the distribution per share for the next reporting period will differ by at least 15% from the distribution per share for the previous corresponding reporting period. Accordingly, shareholders are advised that MAS anticipates that its interim distribution per share for the six-month period ended 31 December 2017 will be 3.58 euro cents per share, being 12.2% higher than the final distribution per share of 3.19 euro cents for the six-month period to 30 June 2017 and being 34.6% higher than the interim distribution per share of 2.66 euro cents for the six-month period ended 31 December 2016. The board of MAS will continue to supplement distributions from retained earnings, capital and other profits as it deems appropriate during forthcoming financial periods, as the group pursues earnings-accretive real estate acquisitions and developments. The financial information on which this trading statement is based has not been reviewed or reported on by MAS’ auditors. The financial results for the six-month period ended 31 December 2017 will be published on or about 26 February 2018. 20 February 2018 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: 20/02/2018 05:30:00 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.