Appointment of directors 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") APPOINTMENT OF DIRECTORS The Company is pleased to announce, with effect from 7 September 2018, the appointment of two directors to the board, namely Paul Osbourn and Werner Alberts. Paul Osbourn (executive director) Paul Osbourn joins the executive team with over 20 years' experience in corporate finance and restructuring professional services, spending ten years with Deloitte in London and five years with Deloitte in the Middle East, where he was most recently General Manager and Chief Executive of the firm's Financial Advisory branch company in Bahrain, through which he was engaged as Senior Investment Consultant and Advisor to the Bahrain Government's Future Generations Reserve Fund from 2015 to 2018. Paul is a Fellow of the Institute of Chartered Accountants in England and Wales and has relocated to be based in the Isle of Man. Werner Alberts (independent non-executive director) Werner Alberts is the Chief Operating Officer of Capital International Group Limited, a regulated investment management business in the Isle of Man. Previously, Werner had a career with Old Mutual in South Africa spanning over 14 years, in various roles, which included being one of the founders and CEO of Old Mutual Finance (Pty) Limited. Werner is a qualified chartered accountant with over 24 years' experience in the finance industry and has developed a particular focus on business development, risk, compliance, internal audit and corporate finance, having been involved in several restructuring and M & A transactions. Werner is based in the Isle of Man. MAS is listed on the Main Board of the JSE and is listed and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. 7 September 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 Stock Exchange Listing Agent +352 263 868 602 Investor Relations, Lizelle du Toit +27 82 465 1244 Date: 07/09/2018 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.