Stock Exchange News Service

Dealings in securities by a director of MAS

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
SEDOL (EMTF): B96VLJ5
SEDOL (JSE): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the Company”)


DEALINGS IN SECURITIES BY A DIRECTOR OF MAS


In accordance with the JSE Listings Requirements, shareholders are advised of the following information relating to
dealings in securities by a director of MAS:

 Name of director:                                     Jonathan Knight (through his self-invested personal pension)
 Transaction date:                                     30 December 2019
 Class of securities:                                  Ordinary shares
 Number of securities:                                 48,050
 Price per security:                                   ZAR 19.17
 Total value of transaction:                           ZAR 921,118.50
 Nature of transaction:                                On-market purchase through the JSE
 Nature and extent of director's interest:             Indirect beneficial
 Clearance to deal received:                           Yes

In accordance with the requirements of the EU Market Abuse Regulation, the notification and public disclosure of
transactions by persons discharging managerial responsibilities and persons closely associated with them is set out
below:


 NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
 MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
 1. Details of the person discharging managerial responsibilities/person closely associated
 a) Name                                       Jonathan Knight (through his self-invested personal pension)
 2. Reason for the notification
 a) Position / status                          Director
 b)   Initial notification / amendment         Initial notification
 3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction
      monitor
 a)   Name                                     MAS Real Estate Inc.
 b)   LEI                                      213800T1TZPGQ7HS4Q13
 4.   Details of the transaction(s)
      section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and
      (iv) each place where transactions have been conducted
 a)   Description of the financial instrument,
      type of instrument                       Ordinary shares
      Identification code                      ISIN: VGG5884M1041
 b)   Nature of the transaction
                                               On-market purchase of ordinary shares
 c)   Price(s) and volume(s)                   Price(s)                           Volume(s)
                                               ZAR 19.17                          48,050
 d)   Aggregated information
      — Aggregated volume                      48,050
      — Price                                  ZAR 921,118.50
 e)   Date of the transaction                  2019-12-30
 f)   Place of the transaction                 JSE


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.

3 January 2020

For further information please contact:
Dan Petrisor, Executive Director, MAS Real Estate Inc.        +40 741 184 921
Java Capital, JSE Sponsor                                     +27 11 722 3050
Harneys Luxembourg, Luxembourg Stock Exchange Listing Agent   +35 22 786 7102

Date: 03-01-2020 12:45:00

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