Announcement of the finalisation of the information in respect of the final distribution for the year ended 30 June

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”)


ANNOUNCEMENT OF THE FINALISATION OF THE INFORMATION IN RESPECT OF THE FINAL
DISTRIBUTION FOR THE YEAR ENDED 30 JUNE 2015


Shareholders are referred to the distribution declaration announced on Wednesday, 14 October 2015 (the
“Distribution”) and are advised that shareholders on the South African share register who elect to receive the
Distribution by way of a cash payment (the “Cash Distribution”) in lieu of an issue of new ordinary shares of no par
value in MAS (“New Shares”) will receive their Cash Distribution in South African rand converted from euro at the
closing spot exchange rate of EUR1.00 : ZAR15.3007 on Thursday, 22 October 2015. Accordingly, the Distribution of
2.20 euro cents per share will be equal to 33.66154 ZAR cents per share.

The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that
2.20 euro cents per share bears to the relevant share price (the “Ratio Price”). The Ratio Price is a five percent
discount to the five-day volume weighted average price of MAS shares on the JSE at the close of business on
Thursday, 22 October 2015, converted to euro at the closing spot exchange rate of EUR1.00 : ZAR15.3007 on
Thursday, 22 October 2015. The Ratio Price applicable to MAS shareholders is 121.51875 euro cents per share.
Shareholders on the South African share register will receive New Shares in the ratio of 1.81042 New Shares for
every 100 MAS shares held by the shareholder at the record date, being Friday, 6 November 2015.

The information provided in this paragraph is only of direct application to shareholders on the South African share
register. The gross local distribution amount is 33.66154 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local distribution amount is 28.61231 ZAR cents per share for shareholders liable
to pay the dividend’s tax rate of 15%.

Should all shareholders receive the New Shares, the maximum amount to be capitalised from retained earnings in
order for the New Shares to be fully paid up is EUR6 419 333.90.

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


23 October 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 11 772 3050
Charl Brand, M Partners, Luxembourg                                                   +352 263 868 602

Date: 23/10/2015 11:04:00 
Supplied by www.sharenet.co.za
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.