Stock Exchange News Service

Distribution for the six month period ended 31 December 2018

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")


As announced on Monday, 4 March 2019, an interim distribution of 3.78 Euro cents per share was proposed.
Shareholders are now advised that the board of directors of the Company approved the interim distribution of 3.78
Euro cents per share for the six month period ended 31 December 2018 (the "Distribution"), and this Distribution will
be paid in cash.

As at the date of this announcement, the Company has 645 343 798 ordinary no par value shares in issue.


The salient dates and times of the Distribution for shareholders on the European share register and shareholders on
the South African share register are set out below:

Announcement of the Euro to South African Rand exchange rate on                                      Tuesday, 2 April
Last day to trade on the LuxSE and the JSE in order to be eligible
for receipt of the Distribution                                                                      Tuesday, 9 April
Trading commences ex-distribution on the LuxSE and the JSE on                                     Wednesday, 10 April
Record date for shareholders recorded on the European and South
African share registers on                                                                           Friday, 12 April
Distribution cheques posted, and CREST/CSDP/broker accounts
credited on or around                                                                             Wednesday, 17 April

Shares may not be transferred between registers between Tuesday, 2 April 2019 and Friday, 12 April 2019, both days
included. Shares may not be dematerialised or rematerialised between Wednesday, 10 April 2019 and Friday,
12 April 2019, both days included.


Shareholders are advised to consult their own tax advisors with regard to their individual tax liability,
circumstances and reporting responsibilities.

There is no withholding tax payable in the British Virgin Islands.

South African resident shareholders
The Distribution may be regarded as a foreign dividend, and if it is, may be subject to South African dividends tax at a
rate of 20% unless an exemption as set out in the South African Income Tax legislation applies.

Shareholders residing outside of South Africa
The Distribution may have legal or tax implications for shareholders residing outside of South Africa and such
shareholders are advised to obtain appropriate advice from their professional advisors in this regard.

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.

25 March 2019

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: 25/03/2019 12:00:00 
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