Stock Exchange News Service

Announcement of finalisation information in respect of the final distribution for the year ended 30 June 2016

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 referred to the announcement released on Tuesday, 11 October 2016 regarding the final distribution
for the year ended 30 June 2016 (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 an exchange rate of EUR1.00 : ZAR 15.6533 (the “Conversion Rate”). Accordingly, the
Distribution of 2.23 euro cents per share will be equal to 34.90686 ZAR cents per share.

The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that the
Distribution bears to the reference price of ZAR19.80720, being the five-day volume weighted average price of MAS
shares on the JSE on Friday, 7 October 2016, converted to euro at the conversion rate (“Reference Price”) as
applicable. Shareholders will receive New Shares in the ratio of 1.76232 New Shares for every 100 MAS shares held
by the shareholder at the record date, being Friday, 28 October 2016.

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 to 34.90686 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local distribution amount is 29.67083 ZAR cents per share for shareholders liable
to pay the dividend’s tax rate of 15%.

Should all shareholders elect to receive the return of capital, the maximum total number of New Shares to be issued
pursuant to the return of capital would be approximately 6 595 769. If all shareholders were to receive the Cash
Distribution, the value of the Distribution would amount to EUR 8 346 137.

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

18 October 2016

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

Date: 18/10/2016 11:07:00 
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