Stock Exchange News Service

Appointment of new CEO

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 code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the company”)


Further to the announcement on 15 June 2017, the Board of Directors is pleased to announce that Morné Wilken will
be taking over as Chief Executive Officer of MAS with effect from 1 January 2018. Lukas Nakos will continue as CEO
until Morné’s arrival.

Morné joined the board of MAS as a non-executive director in August 2014 and has a thorough understanding of the
business and its strategy. He brings with him extensive experience of real estate markets and investor relations and
will be relocating to the Isle of Man on a full-time basis to fulfil this role.

Morné previously spent 10 years in the property finance division of First National Bank and RMB, divisions of
FirstRand, where he excelled as a top dealmaker. Morné then led the strategic roll-out and development of Waterfall
for Atterbury before joining Attacq in 2009, initially as Chief Operating Officer and then Chief Executive Officer from

The chairman, Ron Spencer, commented:

“Lukas has been instrumental in growing MAS since inception and establishing the JV between MAS and Prime
Kapital. I would like to sincerely thank him for his immense contribution and leadership during his tenure as CEO. The
Board wishes him every success going forward.”

“I am delighted that Morné has agreed to take over as the CEO of MAS. His wealth of experience, combined with his
knowledge of the business and understanding of our strategy, will allow a seamless transition of leadership and
implementation of the business strategy. We look forward to working with Morné over the coming years as he leads
the company and its experienced management team into the next phase of its development.”

MAS is listed on the Main Board of the JSE and the Euro MTF market of the LuxSE.

17 October 2017

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: 17/10/2017 05:31:00 
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