Acquisition of MAS shares by PKM Development and dealings in securities by an associate of directors 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”) ACQUISITION OF MAS SHARES BY PKM DEVELOPMENT AND DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS OF MAS Shareholders are referred to the announcement on 5 June 2020 and are advised of the following information relating to additional dealings in MAS ordinary shares by PKM Development Limited (“PKM”) which is the holding company for the Development Joint Venture (“DJV”) between Prime Kapital Holdings Ltd (“PK”) and MAS. PKM is an associate of Martin Slabbert and Victor Semionov. Martin and Victor are directors of MAS and have indirect beneficial interests in the MAS ordinary shares acquired by PKM. The purchases were conducted on-market on the JSE Limited. Transaction date: 9 June 2020 Number of securities: 2,061,926 Highest traded price per security on the market on the day: ZAR 14.29 Weighted average price per security: ZAR 13.89698 Lowest traded price per security on the market on the day: ZAR 13.55 Total value: ZAR 28,654,549.64 Transaction date: 10 June 2020 Number of securities: 4,850,000 Price per security: ZAR 13.8000 Total value: ZAR 66,930,000.00 Transaction date: 11 June 2020 Number of securities: 9,375 Price per security: ZAR 13.2200 Total value: ZAR 123,937.50 Transaction date: 12 June 2020 Number of securities: 3,289,210 Highest traded price per security on the market on the day: ZAR 13.99 Weighted average price per security: ZAR 13.0959 Lowest traded price per security on the market on the day: ZAR 12.20 Total value: ZAR 43,075,159.95 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. This announcement meets with the information requirements of the EU Market Abuse Regulation in terms of which shareholders are advised that PKM is considered a person closely associated with Martin Slabbert and Victor Semionov which as executive directors of MAS discharges managerial responsibilities for the Company. 12 June 2020 For further information please contact: Dan Petrisor, MAS Real Estate Inc. +40 741 184 921 Java Capital, JSE Sponsor +27 11 722 3050 Harney Westwood & Riegels SARL, Luxembourg Stock Exchange Listing Agent +352 27 867 102 Date: 12-06-2020 05:45:00 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.