Stock Exchange News Service

MAS agreement for lease with UK government at New Waverley

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
LEI: 213800T1TZPGQ7HS4Q13


Shareholders are advised that MAS has, through a wholly-owned subsidiary, New Waverley 20 Limited, entered into
an agreement for lease with the UK government (respectively, the “Agreement” and the “Tenant”) for the office
component of the New Waverley development in Edinburgh, Scotland.

The lease, along with a UK government guarantee, is for a term of 25 years, commencing upon practical completion of
the development, with a Tenant break at year 20. The Agreement includes options to the Tenant to extend the lease
for up to a further 10 years. The 189,111 sq ft development is expected to complete in June 2019.

In addition, the Tenant has an option to lease a further 30,000 sq ft of office space, exercisable within 2 years, 
on the same terms as those contained in the Agreement.

This significant pre-letting continues the momentum of New Waverley’s final development phase which will see high
quality office space and apartments blend with restaurants, cafes and shops around a new public square. The site
seamlessly links Waverley Station with the Edinburgh’s Royal Mile, forming part of the Edinburgh old town’s UNESCO
World Heritage site. During the last 2 years, New Waverley has delivered 400 hotel rooms, including two Whitbread
hotels – a Premier Inn and a Hub by Premier Inn – as well as an Adagio Aparthotel overlooking the Royal Mile
together with 21 retail units.

This announcement is voluntary and for information purposes only.

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

13 July 2017

For further information please contact:
Sarah King, Acting 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: 13/07/2017 09:00:00 
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