Stock Exchange News Service

Acquisition of investment property in Germany

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”)



Shareholders are advised that MAS has, through a wholly-owned subsidiary, completed the acquisition of a retail
building in Gotha in central Germany (the “property”) on 27 March 2015 for a purchase price (before acquisition
expenses) of EUR 11 634 000 (the “acquisition”).

The property comprises a single building, let to a leading hypermarket brand with over 11 years remaining on the


The property is located in an established retail area in the western part of Gotha and includes a large retail area with
over 400 parking spaces. The property was extensively modernised in 2013. MAS believes that this acquisition
enhances the overall property portfolio of MAS and the strong tenant covenant fits well with the Company's income
strategy. The property is expected to deliver an average of 7.3% core income after costs and gearing.

The current annual rent roll is EUR 990 000 per annum.

All conditions precedent in respect of the acquisition have been fulfilled.

The acquisition is not categorisable under the JSE Listings Requirements. This announcement is voluntary and for
information purposes only.

MAS is listed on the Main Board of the JSE and on the Euro MTF Market of the Luxembourg Stock Exchange.

31 March 2015

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                                  +44 1624 625 000
Java Capital, South African corporate advisor and JSE Sponsor                          +27 11 283 0042
Charl Brand, M Partners, Luxembourg                                                    +352 263 868 602

Date: 31/03/2015 04:00:00 
Supplied by
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.