Stock Exchange News Service

Changes to the board 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 the appointment of Melt Hamman as a non-executive director of the
Company with effect from 14 December 2018.

Melt is the CEO of Attacq Limited ("Attacq"), a major shareholder of MAS. Prior to joining Attacq in 2013 as CFO,
Melt was the Chief Risk Officer at WesBank, a division of FirstRand, and served on the WesBank Exco. Melt has
extensive experience in real estate, banking and business operations and is currently a non-executive member
of FirstRand Bank Commercial Segment Restructuring Credit Committee.

Shareholders are further advised that Gideon Oosthuizen has tendered his resignation as a non-executive director
of the Company with effect from 14 December 2018. The board wishes to express its gratitude and appreciation
to Gideon for his valuable contribution during his term as non-executive director of MAS.

As advised on 2 October 2018, the resignation of Morne Wilken from the board of MAS is effective from 14
December 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.

14 December 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: 14/12/2018 11:47:00 
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