Finalisation information in respect of the distribution for the 6 month period ended 31 December 2018 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 DISTRIBUTION FOR THE SIX MONTH PERIOD ENDED 31 DECEMBER 2018 Shareholders are referred to the announcement dated 25 March 2019 relating to the interim distribution for the six month period ended 31 December 2018 (the "Distribution") of 3.78 Euro cents per share. Shareholders holding shares on the South African share register will receive their Distribution in South African Rand converted from Euro at the closing spot exchange rate as at Monday, 01 April 2019 of EUR 1.00 : ZAR 15.9175. Accordingly, the Distribution of 3.78 Euro cents per share will be equal to 60.16815 Rand cents per share. 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 60.16815 Rand cents per share for shareholders exempt from paying South African dividends tax. The net local distribution amount is 48.13452 Rand cents per share for shareholders liable to pay dividends tax at a rate of 20%. The salient dates announced on Monday, 25 March 2019 remain unchanged. 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 April 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 Charl Brand, M Partners, Luxembourg Stock Exchange Listing Agent +352 263 868 602 Investor Relations, Lizelle du Toit +27 82 465 1244 Date: 02/04/2019 10:44:00 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.