Stock Exchange News Service

Dealings in securities by directors and by associates of directors of MAS

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”)


DEALINGS IN SECURITIES BY DIRECTORS AND BY ASSOCIATES OF DIRECTORS OF MAS


Shareholders are advised of the following information relating to dealings in securities by directors and by
associates of directors of MAS:

Name of director:                                    Lukas Nakos
Transaction date:                                    29 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                79,252
Price per security:                                  ZAR 25.10
Total value:                                         ZAR 1,989,225.20
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Direct beneficial
Clearance to deal received:                          Yes

Name of director:                                    Lukas Nakos
Transaction date:                                    30 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                2,581
Price per security:                                  ZAR 25.40
Total value:                                         ZAR 65,557.40
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Direct beneficial
Clearance to deal received:                          Yes

Name of director:                                    Lukas Nakos
Transaction date:                                    31 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                3,200
Highest traded price per security:*                  ZAR26.66
Weighted average price per security:                 ZAR 25.4387
Lowest traded price per security:*                   ZAR25.40
Total value:                                         ZAR 81,403.87
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Direct beneficial
Clearance to deal received:                          Yes

Name of associate:                                   2Fireflies Capital Inc
Name of director and relationship to director:       Malcolm Levy who is the sole director of 2Fireflies
                                                     Capital Inc.
Transaction date:                                    29 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                74,329
Price per security:                                  ZAR 25.10
Total value:                                         ZAR 1,865,657.90
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Indirect beneficial
                                                                                                                                 2
Name of associate:                                   2Fireflies Capital Inc
Name of director and relationship to director:       Malcolm Levy who is the sole director of 2Fireflies
                                                     Capital Inc.
Transaction date:                                    30 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                2,419
Price per security:                                  ZAR 25.40
Total value:                                         ZAR 61,442.60
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Indirect beneficial

Name of associate:                                   2Fireflies Capital Inc
Name of director and relationship to director:       Malcolm Levy who is the sole director of 2Fireflies
                                                     Capital Inc.
Transaction date:                                    31 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                3,000
Highest traded price per security:*                  ZAR 26.66
Weighted average price per security:                 ZAR 25.4387
Lowest traded price per security:*                   ZAR 25.40
Total value:                                         ZAR 76,316.13
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Indirect beneficial

Name of director:                                    Jonathan Knight
Transaction date:                                    29 December 2015
Class of securities:                                 Ordinary shares
Number of securities:                                74,000
Highest traded price per security:*                  ZAR 26.75
Weighted average price per security:                 ZAR 25.99583
Lowest traded price per security:*                   ZAR 25.00
Total value:                                         ZAR 1,923,691.42
Nature of transaction:                               On-market purchase through the Johannesburg Stock
                                                     Exchange
Nature and extent of director's interest:            Direct beneficial
Clearance to deal received:                          Yes
*Highest and lowest traded prices per security on the market on the day.

MAS is listed on the Euro MTF Market of the Luxembourg Stock Exchange and on the main board of the
Johannesburg Stock Exchange.

4 January 2016

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 11 722 3050
Charl Brand, M Partners, Luxembourg                                                             +352 263 868 602

Date: 04/01/2016 05:45:00 
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.