Stock Exchange News Service

Dealings in securities by an associate of a director 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
SEDOL (XLUX): B96VLJ5
SEDOL (ALTX): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF MAS


Shareholders are advised of the following information relating to dealings in securities by an associate of a
director of MAS:

Name of associate:                            Trinsam Trust
Name of director and relationship to          Morne Wilken, who is a trustee and beneficiary of the
director:                                     Trinsam Trust
Transaction date:                             9 December 2016
Class of securities:                          Ordinary shares
Number of securities:                         11 182
Highest traded price per security:            ZAR 20.90
Weighted average price per security:          ZAR 20.6563
Lowest traded price per security:             ZAR 20.40
Total value:                                  ZAR 230 979.20
Nature of transaction:                        On-market purchase through the Johannesburg Stock
                                              Exchange
Nature and extent of director's interest:     Indirect beneficial
*Highest and lowest traded prices per security on the market on the day.

In accordance with the requirements of the EU Market Abuse Regulation, the notification and public
disclosure of transactions by persons discharging managerial responsibilities and persons closely
associated with them is set out below:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1. Details of the person discharging managerial responsibilities/person closely associated
a) Name                      Trinsam Trust

2. Reason for the notification
a) Position / status          Person Closely Associated with a Person Discharging Managerial
                              Responsibilities - Morne Wilken is a trustee and beneficiary of the Trinsam
                              Trust as well as a director of MAS Real Estate Inc.
b) Initial notification /     Initial notification
   amendment

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or
   auction monitor
a) Name                       MAS Real Estate Inc.
b) LEI

4.   Details of the transaction(s)
     section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each
     date; and (iv) each place where transactions have been conducted
a)   Description of the         Ordinary Shares
     financial instrument, type
     of instrument
     Identification code        ISIN: VGG5884M1041
b)   Nature of the transaction  On-market purchase through the Johannesburg Stock
                                Exchange
c)   Price(s) and volume(s)     Price(s)                                                 Volume(s)
                                Weighted Average Price per Security: ZAR 20.6563         11 182
                                (Highest Traded Price per Security: ZAR 20.90; Lowest
                                Traded Price per Security: ZAR 20.40)
d)   Aggregated information
     — Aggregated volume        11 182
     — Price                    ZAR 20.6563
e)   Date of the transaction    2016-12-09
f)   Place of the transaction   Johannesburg Stock Exchange

MAS holds a dual primary listing on the Main Board of the JSE and the Euro MTF Market of the LuxSE.

14 December 2016

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                      +44 1624 625000
Java Capital, JSE Sponsor                                                  +27 11 722 3050
Charl Brand, M Partners, Luxembourg                                        +352 263 868 602

Date: 14/12/2016 12:15:00 
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