Stock Exchange News Service

Attacq and Argosy support for proposed acquisition by MAS of Prime Kapital's economic interest in joint venture

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")


MAS shareholders are referred to the SENS announcement released by Attacq Limited ("Attacq") earlier today
in which Attacq advised its shareholders it has provided an undertaking to MAS to vote in favour of the
proposed acquisition by MAS of Prime Kapital Limited's ("Prime Kapital") effective economic interest in the
property investment, development and management operation in respect of PKM CEE Investments Limited (the
"Investment JV"), together with Prime Kapital's property management platform which provides management
services in respect of the real estate investment property portfolio held by the Investment JV, in consideration
for the issue by MAS to Prime Kapital of 67 million MAS shares (the "Transaction"), details of which are set out
in the circular to MAS shareholders dated 28 October 2019, at the MAS general meeting to be held on 20
November 2019.

Shareholders are advised that MAS received an undertaking from Argosy Founders Limited ("Argosy") in
respect of its holding of MAS shares to vote in favor of the Transaction. At the date of this announcement,
Argosy holds 54 772 439 shares in MAS (comprising 8.52% of MAS's shares in issue).

Accordingly, as at the date of this announcement, shareholders holding in aggregate 201 590 690 MAS shares
comprising 31.36% of MAS's shares in issue have confirmed their support for the Transaction.

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.

28 October 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
Harneys Luxembourg, Luxembourg Stock Exchange Listing Agent                      +352 278 671 02
Investor Relations, Lizelle du Toit                                              +27 82 465 1244

Date: 28/10/2019 09:20:00

Supplied by
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.