Disposal of shares in Sirius

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
SEDOL (XLUX): B96VLJ5
SEDOL (ALTX): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or “the Company”)


DISPOSAL OF SHARES IN SIRIUS


INTRODUCTION

Shareholders are advised that MAS has disposed of 60,000,000 Sirius Real Estate Limited (“Sirius”) shares (the
“disposed shares”) for a total approximate cash consideration of EUR29.5m. The disposed shares were placed
on the market to various institutional investors by way of a bookbuild process.

RATIONALE FOR THE DISPOSAL AND APPLICATION OF SALE PROCEEDS

MAS is in the process of positioning itself to take advantage of new acquisition opportunities and, as a
consequence, has realised some of its investment in Sirius.

DESCRIPTION OF THE BUSINESS OF SIRIUS

Sirius is a real estate company with a portfolio of 33 business parks across Germany, providing a combination of
conventional and modern, flexible workspace. Sirius is listed on the AIM of the London Stock Exchange and the
Alternative Exchange of the JSE.

FINANCIAL INFORMATION

The most recent published audited net asset value of Sirius as at 31 March 2016 was 53.35 Euro cents per
share (disposed shares equivalent: EUR32.01m). For the year ended 31 March 2016, Sirius generated profits
after tax of EUR54.688m (disposed shares equivalent: EUR3.9m).

EFFECTIVE DATE AND CONDITIONS PRECEDENT

The effective date of the disposal is 22 August 2016 and there are no outstanding conditions precedent.

CATEGORISATION OF THE TRANSACTION

The disposal is categorised as a Category 2 transaction under the JSE Listings Requirements.

MAS is dual primary listed on the Main Board of the JSE and the Euro MTF Market of the LuxSE.


24 August 2016

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                              +44 1624 625 000
Java Capital, JSE Sponsor                                                          +27 11 722 3050
Charl Brand, M Partners, Luxembourg                                                +352 263 868 602






Date: 24/08/2016 05:00:00 
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