Stock Exchange News Service

Notification of change of auditors and confirmation of posting of notice of annual meeting of shareholders

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")


Change of Auditors

Shareholders are advised that the board of directors has considered the rotation of auditors and has made a
recommendation to shareholders at the upcoming annual shareholders' meeting to appoint PricewaterhouseCoopers
LLC ("PwC") as the external auditors to MAS.

KPMG Audit LLC ("the existing auditor") in the Isle of Man has provided external auditor services to MAS for ten years
and the board considers it an appropriate time to recommend a change of auditors. Although the reputational issues
concerning KPMG in South Africa affected this decision, the board of directors has had no concerns with the quality or
conduct of the existing auditor in the Isle of Man.

Subject to approval of the resolution by shareholders, the services of the existing auditor will terminate and PwC will
be appointed as external auditors on or around 27 November 2018, being the date of the annual meeting of

Posting of Notice of Annual Shareholders' Meeting

Shareholders are advised that the notice of the annual meeting of shareholders of MAS was dispatched to
shareholders today, Wednesday, 31 October 2018.

The notice of annual shareholders' meeting together with the documents referred to therein, are available on the
Company's website,

The annual shareholders' meeting for MAS shareholders will be held at 2nd Floor, Clarendon House, Victoria Street,
Douglas, Isle of Man on 27 November 2018 at 10:00 am (GMT).

The last day to trade in order to be eligible to participate in and vote at the annual shareholders' meeting is Tuesday,
13 November 2018 and the record date for voting purposes is Friday, 16 November 2018.

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.

31 October 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
Lizelle du Toit, Investor Relations                                               +27 82 465 1244

Date: 31/10/2018 03:00:00 
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