Appointment of new CEO MAS Real Estate Inc. Registered in the British Virgin Islands Registration number 1750199 Registered as an external company in the Republic of South Africa Registration number 2010/000338/10 SEDOL (EMTF): B96VLJ5 SEDOL (JSE): B96TSD2 JSE share code: MSP ISIN: VGG5884M1041 LEI code: 213800T1TZPGQ7HS4Q13 (“MAS” or “the company”) APPOINTMENT OF NEW CEO Further to the announcement on 15 June 2017, the Board of Directors is pleased to announce that Morné Wilken will be taking over as Chief Executive Officer of MAS with effect from 1 January 2018. Lukas Nakos will continue as CEO until Morné’s arrival. Morné joined the board of MAS as a non-executive director in August 2014 and has a thorough understanding of the business and its strategy. He brings with him extensive experience of real estate markets and investor relations and will be relocating to the Isle of Man on a full-time basis to fulfil this role. Morné previously spent 10 years in the property finance division of First National Bank and RMB, divisions of FirstRand, where he excelled as a top dealmaker. Morné then led the strategic roll-out and development of Waterfall for Atterbury before joining Attacq in 2009, initially as Chief Operating Officer and then Chief Executive Officer from 2011. The chairman, Ron Spencer, commented: “Lukas has been instrumental in growing MAS since inception and establishing the JV between MAS and Prime Kapital. I would like to sincerely thank him for his immense contribution and leadership during his tenure as CEO. The Board wishes him every success going forward.” “I am delighted that Morné has agreed to take over as the CEO of MAS. His wealth of experience, combined with his knowledge of the business and understanding of our strategy, will allow a seamless transition of leadership and implementation of the business strategy. We look forward to working with Morné over the coming years as he leads the company and its experienced management team into the next phase of its development.” MAS is listed on the Main Board of the JSE and the Euro MTF market of the LuxSE. 17 October 2017 For further information please contact: Helen Cullen, Company Secretary, MAS Real Estate Inc. +44 1624 625000 Java Capital, JSE Sponsor +27 11 722 3050 Charl Brand, M Partners, Luxembourg +352 263 868 602 Date: 17/10/2017 05:31:00 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.