Stock Exchange News Service

Dealings in securities by an associate of 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 AN ASSOCIATE OF A DIRECTOR OF MAS


Shareholders are advised of the following information relating to the dealings in securities by an associate
of a director of MAS:

 Name of associate:                                            Marie Goosen
 Name of director and relationship to director:                Pierre Goosen, spouse of Marie Goosen
 Transaction date:                                             20 March 2020
 Class of securities:                                          Ordinary shares
 Number of securities:                                         58,136
 Highest traded price per security on the market on the day    ZAR 8.83
 Weighted average price per security:                          ZAR 8.49
 Lowest traded price per security on the market on the day     ZAR 7.89
 Total value:                                                  ZAR 493 567.64
 Nature of transaction:                                        On-market       purchase through the
                                                               Johannesburg Stock Exchange
 Nature and extent of director's interest:                     Indirect beneficial

 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                                      Marie Goosen
  2. Reason for the notification
  a) Position / status                        Person Closely Associated with a Person Discharging
                                              Managerial Responsibilities – Spouse of Pierre Goosen,
                                              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 8.68                           4,141
                                              ZAR 8.49                           10,000
                                              ZAR 8.38                           12,000
                                              ZAR 8.51                           11,995
                                              ZAR 8.50                           20,000
  d)   Aggregated information
       — Aggregated volume                    58,136
       — Price                                ZAR 8.49
  e)   Date of the transaction                2020 03 20
  f)   Place of the transaction               JSE


24 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: 24-03-2020 05:00:00

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