Announcement of finalisation information in respect of the final distribution for the year ended 30 June 2019 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") ANNOUNCEMENT OF FINALISATION INFORMATION IN RESPECT OF THE FINAL DISTRIBUTION FOR THE YEAR ENDED 30 JUNE 2019 Shareholders are referred to the distribution declaration announced on 23 September 2019 regarding the final cash distribution of 4.97 euro cents per share for the year ended 30 June 2019 (the "Distribution"). Shareholders on the South African share register will receive their Distribution in rand converted from euro at an exchange rate of EUR 1.00: ZAR 16.6067 (the "Conversion Rate"). Accordingly, the Distribution of 4.97 euro cents per share will be equal to 82.53530 rand cents per share. The currency exchange is based on a forward contract placed on Monday, 30 September 2019 with a settlement date on Monday, 21 October 2019. The Distribution will be paid out of the British Virgin Islands. The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local distribution amount is 82.53530 rand cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is 66.02824 rand cents per share for shareholders liable to pay dividends tax at a rate of 20%. There is no withholding tax payable in the British Virgin Islands. MAS is listed on the Main Board of the Johannesburg Stock Exchange and is listed and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. 1 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: 01/10/2019 09:30:00 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.