Stock Exchange News Service

Appointment of directors

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")


The Company is pleased to announce, with effect from 7 September 2018, the appointment of two directors to
the board, namely Paul Osbourn and Werner Alberts.

Paul Osbourn (executive director)
Paul Osbourn joins the executive team with over 20 years' experience in corporate finance and restructuring
professional services, spending ten years with Deloitte in London and five years with Deloitte in the Middle East,
where he was most recently General Manager and Chief Executive of the firm's Financial Advisory branch
company in Bahrain, through which he was engaged as Senior Investment Consultant and Advisor to the
Bahrain Government's Future Generations Reserve Fund from 2015 to 2018. Paul is a Fellow of the Institute of
Chartered Accountants in England and Wales and has relocated to be based in the Isle of Man.

Werner Alberts (independent non-executive director)
Werner Alberts is the Chief Operating Officer of Capital International Group Limited, a regulated investment
management business in the Isle of Man. Previously, Werner had a career with Old Mutual in South Africa
spanning over 14 years, in various roles, which included being one of the founders and CEO of Old Mutual
Finance (Pty) Limited. Werner is a qualified chartered accountant with over 24 years' experience in the finance
industry and has developed a particular focus on business development, risk, compliance, internal audit and
corporate finance, having been involved in several restructuring and M & A transactions. Werner is based in the
Isle of Man.

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

7 September 2018

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 Stock Exchange Listing Agent                  +352 263 868 602
Investor Relations, Lizelle du Toit                                               +27 82 465 1244

Date: 07/09/2018 10:00:00 
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