Acquisition of Attacq’s MAS shares by PKM Development, dealings in securities by an associate of directors 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”) ACQUISITION OF 28 MILLION OF ATTACQ’S MAS SHARES BY PKM DEVELOPMENT AND DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS OF MAS Shareholders are advised that PKM Development Limited (“PKM Development”) agreed to acquire 28 million MAS shares (“acquisition shares”) (representing 3.94% of MAS’ shares in issue) from AIM Investco Proprietary Limited, a wholly-owned subsidiary of Attacq Limited (“Attacq”) at 78.5 euro cents per share (for a total consideration of €21.98 million). The acquisition will be effected by an off-market block trade when PKM Development’s broker has cleared funds from PKM Development, on or before 24 March 2021. PKM Development is an associate of MAS that houses the Development Joint Venture (“DJV”) between Prime Kapital Holdings Limited (“Prime Kapital”) and MAS. PKM Development was established in 2016 with independent governance. MAS owns 40% of the ordinary share capital of PKM Development, an investment conditional on it irrevocably undertaking to provide preference share capital to PKM Development on notice of drawdown. On 31 December 2020 MAS had invested €186.7 million in preference shares and had an obligation of €233.3 million outstanding. MAS’ undertakings to PKM Development arose prior to Prime Kapital’s founders joining MAS’ Board in November 2019. The acquisition shares acquired by PKM Development were not offered to MAS and the transaction was not considered or discussed by MAS’ board of directors prior to the agreement between PKM Development and Attacq being concluded. PKM Development is an associate of Martin Slabbert and Victor Semionov, who are the founders of Prime Kapital. Prime Kapital owns 60% of the ordinary share capital of PKM Development which it took up in 2016 for €30 million in cash, and, in terms of applicable contractual undertakings and restrictions: (i) is not permitted to undertake real estate development in CEE outside of PKM Development until the DJV’s capital commitments are fully drawn and invested or 2025 (end of exclusivity period); (ii) contributed secured development pipeline to PKM Development at cost; (iii) takes responsibility for sourcing further developments, and (iv) provides PKM Development with all necessary construction and development services via integrated in-house platform. Martin and Victor are directors of MAS since November 2019 (but are not directors of PKM Development) and have indirect beneficial interests in the acquisition shares via Prime Kapital. Attacq is a material shareholder of, and related party to MAS in terms of the JSE Listings Requirements. Consequently, a transaction involving MAS would constitute a specific repurchase from a related party in terms of the JSE Listings Requirements, requiring MAS shareholder approval by way of a special resolution (75%) of shareholders, excluding Attacq and its associates. 18 March 2021 For further information please contact: Dan Petrisor, MAS Real Estate Inc. +40 741 184 921 Java Capital, JSE Sponsor +27 11 722 3050 Date: 18-03-2021 02:01:00 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.