Stock Exchange News Service

Listing of shares as result of accelerated book build and results of distribution election

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


LISTING OF SHARES AS A RESULT OF THE ACCELERATED BOOK BUILD AND RESULTS OF THE DISTRIBUTION ELECTION FOR THE 
SIX MONTH PERIOD ENDED 31 DECEMBER 2016


LISTING OF SHARES AS A RESULT OF THE ACCELERATED BOOK

Shareholders are referred to the announcement published on 17 March 2017 detailing the opening and closing of a
successful accelerated book build of ZAR 1.75 billion (approximately EUR 128 million) (the “Book Build”). Prior to this,
the total issued share capital was 393 433 836 ordinary no par value shares. The Company hereby announces that a
total of 83 333 332 new shares were listed today on both the Euro MTF market of the Luxembourg Stock Exchange
(“LuxSE”) and the Main Board of the JSE Limited (“JSE”) (the “Book Build Shares”). The Book Build Shares will rank
pari passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.

DISTRIBUTION ELECTION FOR THE SIX MONTH PERIOD ENDED 31 DECEMBER 2016

Further to the announcement released on 23 March 2017, in respect of the distribution of 2.66 euro cents per share for
the six month period ended 31 December 2016 (the “Distribution”). The Company hereby announces that a further
3 449 131 new shares were also listed today on both the LuxSE and the JSE and were issued to those shareholders
who did not elect to receive the Distribution in cash (the “Distribution Shares”). The Distribution Shares will rank pari
passu in every respect with existing listed shares of the Company and are fully fungible with effect from listing.

Following the issue of the Book Build Shares and the Distribution Shares in the Company, the total issued share capital
of the Company will increase to 480 216 299 ordinary no par value shares.

Certificated shareholders who did not elect to receive the cash distribution should note that share certificates were
posted to shareholders today. Cheques in respect of the cash distribution were dispatched today to shareholders who
elected to receive the cash distribution.

Dematerialised shareholders should note that the CREST, CSDP and Broker accounts holding dematerialised shares
are in the process of being credited, according to the elections made.

Shareholders are advised that the Detailed Listing Particulars, which provides information on the Company and the
Book Build and which makes reference to the Book Build Shares and the Distribution Shares, are available on the
Company’s website at www.masrei.com.

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



30 March 2017

For further information please contact:


                                                                             Telephone
 Sarah King, Acting 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: 30/03/2017 09:30:00 
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