Stock Exchange News Service

Dividend for the six month period ended 31 December 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”)


Shareholders are referred to the Company’s reviewed interim results for the six month period ended 31 December
2019, which was published on SENS on 2 March 2020, wherein shareholders were advised that the board of directors
of the Company has approved a dividend of 4.24 Euro cents per share for the six month period ended 31 December
2019 (the “Dividend”).

The Dividend will be paid in cash out of the Company’s adjusted distributable earnings.

The salient dates and times and the tax considerations relating to the Dividend are set out below.

As at the date of this announcement, the Company has 708 343 798 ordinary no par value shares in issue.


The salient dates and times of the Dividend 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, 10 March
Last day to trade on the LuxSE and the JSE in order to be eligible
for receipt of the Dividend                                                                          Tuesday, 17 March
Trading commences ex-Dividend on the LuxSE and the JSE on                                          Wednesday, 18 March
Record date for shareholders recorded on the European and South
African share registers on                                                                            Friday, 20 March
Dividend paid and CREST/CSDP/broker accounts
credited on or around                                                                                 Friday, 27 March

Shares may not be transferred between registers between Tuesday, 10 March 2020 and Friday, 20 March 2020, both
days included. Shares may not be dematerialised or rematerialised between Wednesday, 18 March 2020 and Friday,
20 March 2020, 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 Dividend is a foreign dividend and is 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 Dividend 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.

2 March 2020

For further information please contact:
Dan Petrisor, 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: 02-03-2020 08:04:00

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