Stock Exchange News Service

Results of the distribution election in respect of the six month period ended 31 Dec 2017

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

31 DECEMBER 2017

Shareholders are referred to previous announcements, the last of which was released on Wednesday,
28 March 2018, in respect of the distribution of 3.58 euro cents per share for the six month period ended
31 December 2017 (the “Distribution”).

The Company hereby announces that a total of 3 578 012 new shares (“New Shares”) were listed on the Main
Board of the JSE Ltd (“JSE”) and listed and admitted to trading on the Euro MTF market of the Luxembourg Stock
Exchange (“LuxSE”) today. The New Shares were issued to those shareholders who did not elect to receive the
Distribution in cash (“Cash Distribution”). The New 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 New Shares in the Company, and the listing thereof on the JSE and the listing and
admission to trading thereof on the LuxSE, the total issued and listed share capital of the Company will increase to
650 343 798 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.

MAS is listed on the Main Board of the JSE and is listed and admitted to trading on the Euro MTF market of the

6 April 2018

For further information please contact:

Helen Cullen, 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, LuxSE listing agent                               +352 263 868 602

Date: 06/04/2018 10:00:00 
Supplied by
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.