Stock Exchange News Service

Changes in shareholding

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the Company” )


In terms of the Rules and Regulations of the Luxembourg Stock Exchange (“LuxSE”), MAS is required to publish a
notification whenever an investor’s shareholding crosses a pre-defined threshold.

Shareholders are referred to the notification published on the LuxSE website and on SENS on 8 December 2017
wherein the Company reported that, as a result of the accelerated book build undertaken on 23 November 2017 (the
“book build”), Public Investment Corporation Soc Ltd’s (“PIC”) equity stake raised above the 10% threshold.

Subsequent to the publication of the aforementioned notification, MAS was informed on 12 December 2017 that the
information previously received and disclosed was incorrect and that following the book build, PIC’s equity stake 
in the Company, in fact, remains below 10% of MAS’ total issued shares. PIC’s shareholding has therefore not breached
any of the pre-determined thresholds set out in the Rules and Regulations of the LuxSE.

This announcement is voluntary in terms of the JSE Listings Requirements and is made for information purposes only.

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

18 December 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: 18/12/2017 05:30:00 
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