Stock Exchange News Service

Trading Statement

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
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)


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 distribution per share for the six months ended
31 December 2014 will be between 1,10 euro cents and 1,15 euro cents per share, being between 83,3% and 91,7%
higher than the 0,60 euro cents per share for the ten months ended 31 December 2013.

As a result of the Company changing its year end from 28 February to 30 June, the comparative period is the ten
months ending 31 December 2013. Despite this longer comparative period, the distribution per share is expected to
be higher due to the fact that the capital raising which took place in February of 2014 was on a cum-dividend basis.
This resulted in a lower distribution per share for the comparative period than there would have been had the capital
raising not taken place.

The financial results on which this trading statement is based have not been reviewed or reported on by MAS’
auditors. The financial results for the six months ended 31 December 2014 will be published on or about 9 March

3 March 2015

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                                 +44 1624 625000
Java Capital, South African corporate advisor and JSE Sponsor                         +27 11 2830042
Charl Brand, M Partners, Luxembourg                                                   +352 263 868 602

Date: 03/03/2015 03:35:00 
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