Stock Exchange News Service

Distribution for the year ended 30 June 2019

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 Thursday, 5 September 2019, a final distribution of 4.97 Euro cents per share for the second half of
the 2019 financial year was proposed. Shareholders are now advised that the board of directors of the Company
approved the final distribution of 4.97 Euro cents per share for the second half of the 2019 financial year (the
“Distribution”), and this Distribution will be paid in cash.

As at the date of this announcement, the Company has 642 874 925 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, 1 October
Last day to trade on the Luxembourg Stock Exchange (“LuxSE”)
and the JSE in order to be eligible for receipt of the Distribution                              Tuesday, 8 October
Trading commences ex-distribution on the LuxSE and the JSE on                                  Wednesday, 9 October
Record date for shareholders recorded on the European and South
African share registers on                                                                       Friday, 11 October
Distribution cheques posted, and CREST/CSDP/broker accounts
credited on or around                                                                            Monday, 28 October

Shares may not be transferred between registers between Tuesday, 1 October 2019 and Friday, 11 October 2019,
both days included. Shares may not be dematerialised or rematerialised between Wednesday, 9 October 2019 and
Friday, 11 October 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 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

23 September 2019

For further information please contact:
Sarah King, Acting Company Secretary, MAS Real Estate Inc.                        +44 1624 625000
Java Capital, JSE Sponsor                                                         +27 11 722 3050
Harneys Luxembourg, Luxembourg Stock Exchange Listing Agent                       +352 278 671 02
Investor Relations, Lizelle du Toit                                               +27 82 465 1244

Date: 23/09/2019 01:00:00

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