MSP 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 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 advised of the following information relating to 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: 19 November 2020 Number of securities: 1,295,957 Price per security: ZAR 9.7942 Total value: ZAR 12,692,862.05 20 November 2020 For further information please contact: Dan Petrisor, MAS Real Estate Inc. +40 741 184 921 Java Capital, JSE Sponsor +27 11 722 3050 Date: 20-11-2020 05:30:00 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.