MAS P.L.C.
                                                                                                      Registered in Malta
                                                                                            Registration number C 99355
                                                                                                    JSE share code: MSP
                                                                                                   ISIN: VGG5884M1041
                                                                                    LEI code: 213800T1TZPGQ7HS4Q13
                                                                                               (“MAS” or “the Company”)




                               RESULTS OF EXTRAORDINARY GENERAL MEETING


Shareholders are advised that at the extraordinary general meeting held today, Friday, 11 July 2025 (“EGM”), the
resolutions tabled thereat were not passed by the requisite majority of more than 50% of the shareholder voting rights
exercised.

The total number of MAS shares in issue as at the record date of the EGM was 716,145,729, of which 16,586,906
shares are held as treasury shares and were not eligible to vote on any of the resolutions.

Shareholders holding 566,183,495 (79.06%) of the shares in issue at the record date were present or represented at
the EGM.

The results of voting at the EGM are set out in detail below.

Non-binding advisory Ordinary Resolutions

Ordinary Resolution Number 1: To authorise the Board of Directors of the Company (“Board”) to embark on and
implement a structured and commercially driven realisation of the assets of MAS for consideration as determined by the
Board which is aligned with independent valuations of such assets (the “Asset Realisation”), with the objective of
completing the Asset Realisation within a period of 5 years following the date of adoption of this Ordinary Resolution
Number 1 and Ordinary Resolution Number 2 below (“Realisation Period”) with the overarching aim of maximising returns
for Shareholders.

Voting results including PK Investments Limited and its affiliates (“PK Parties”)

Shares voted                     For                            Against                         Abstentions
562,477,096 (80.40%)*            280,816,865 (49.93%)           281,660,231 (50.07%)            3,706,399 (0.53%)^

Voting results excluding PK Parties
Shares voted                      For                            Against                        Abstentions
317,631,509 (69.85%)**            35,971,278 (11.32%)            281,660,231 (88.68%)           3,706,399 (0.82%)^^


Ordinary Resolution Number 2: To authorise the Board to declare and pay special dividends to return the net proceeds
(after providing for debt repayments and MAS’ budgeted working capital and expenditure requirements) of the Asset
Realisation and dividends received from PKM Development Ltd. to the Shareholders (collectively, the “Special
Dividends”).

Voting results including PK Parties

Shares voted                     For                            Against                         Abstentions
562,477,096 (80.40%)*            280,907,865 (49.94%)           281,569,231 (50.06%)            3,706,399 (0.53%)^

Voting results excluding PK Parties
Shares voted                     For                            Against                         Abstentions
317,631,509 (69.85%)**           36,062,278 (11.35%)            281,569,231 (88.65%)            3,706,399 (0.82%)^^


* Shares voted (excluding abstentions) in relation to total shares in issue, excluding treasury shares.
** Shares voted (excluding abstentions) in relation to total shares in issue, excluding treasury shares and shares held
   by the PK Parties.
^ Abstentions in relation to total shares in issue, excluding treasury shares.
^^ Abstentions in relation to the total shares in issue, excluding treasury shares and the shares held by the PK Parties.


Shareholder engagement

The Board is committed to engaging with all shareholders in a transparent and meaningful manner, while exercising its
responsibilities to oversee the implementation of appropriate corporate governance standards.


11 July 2025

For further information please contact:
Irina Grigore, MAS P.L.C.                                   +356 27 66 36 91
Valeo Capital, Transaction Sponsor                          +27 21 851 0091