Stock Exchange News Service

Dealings in securities by 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 (EMTF): B96VLJ5
SEDOL (JSE): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
LEI 213800T1TZPGQ7HS4Q13
(“MAS” or the “Company”)


DEALINGS IN SECURITIES BY A DIRECTOR OF MAS


As announced on 17 October 2017, Morné Wilken will be taking over as Chief Executive Officer of MAS,
effective 1 January 2018, and consequently, is in the process of restructuring his personal affairs before
relocating to the Isle of Man.

In accordance with the JSE Listings Requirements, shareholders are advised of the following sale of
securities:

Name of director:                             Morné Wilken
Transaction date:                             24 October 2017
Class of securities:                          Ordinary shares
Number of securities:                         5 146
Highest traded price per security:*           ZAR 31.00
Weighted average price per security:          ZAR 30.85712
Lowest traded price per security:*            ZAR 30.70
Total value of transaction:                   ZAR 158 790.74
Nature of transaction:                        Sale of ordinary shares on the Johannesburg Stock
                                               Exchange
Nature and extent of director's interest:     Direct beneficial
Clearance to deal received:                   Yes
*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                              Morne Wilken
2. Reason for the notification
a) Position / status                 Director
b)   Initial notification / amendment   Initial notification
     Details of the issuer, emission allowance market participant, auction platform, auctioneer or
3.   auction monitor
a)   Name                            MAS Real Estate Inc.
b)   LEI                             213800T1TZPGQ7HS4Q13

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
     Description of the financial    Ordinary shares
a)   instrument, type of instrument
     Identification code             ISIN: VGG5884M1041
b)   Nature of the transaction       Sale of ordinary shares
                                     Price(s)                      Volume(s)
                                     ZAR 30.85                       1 482
                                     ZAR 30.86                       1 575
 c)   Price(s) and volume(s)         ZAR 30.86                       2 089
      Aggregated information
      — Aggregated volume            5 146
 d)   — Price                        ZAR 158 790.74
 e)   Date of the transaction        2017-10-24
 f)   Place of the transaction       Johannesburg Stock Exchange


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


26 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: 26/10/2017 05:20:00 
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