MAS Real Estate Inc (JSE:MSP) News - Distribution of circular and notice of shareholders’ meeting MAS P.L.C. Registered in Malta Registration number C99355 JSE share code: MSP ISIN: VGG5884M1041 LEI code: 213800T1TZPGQ7HS4Q13 (‘MAS’ or the ‘Company’) DISTRIBUTION OF CIRCULAR AND NOTICE OF SHAREHOLDERS’ MEETING IN RESPECT OF A PROPOSED ACQUISITION OF SIX COMMERCIAL RETAIL CENTRES IN ROMANIA FROM A RELATED PARTY AND DEVELOPMENT JOINT VENTURE EXTENSION Shareholders are referred to the announcement published on 4 May 2022, wherein shareholders were advised that MAS has entered into agreements in terms of which: - MAS acquires 100% of the share capital and shareholder loans of six subsidiaries (‘SPVs’) of PKM Developments Limited (‘PKM Development’ or the ‘Seller’), owning six commercial retail centres in Romania (the ‘Properties’) through two subsidiaries, namely MAS CEE Management Holdings SRL and MAS Real Estate Finance SRL (the ‘Purchasers’) (the ‘Acquisition’). PKM Development is the development joint venture established in March 2016 (the ‘DJV’) by Prime Kapital Limited (‘Prime Kapital’), PKM Development, MAS and MAS CEE Developments Limited; and - the duration of the relationship with Prime Kapital via the DJV is extended and MAS’ funding commitment to the DJV is increased (‘DJV Extension’), collectively, the ‘Transactions’. Shareholders are advised that a copy of the circular relating to the Transactions (‘Circular’) incorporating a notice of meeting of MAS shareholders (‘Shareholders’ Meeting’) is available on the Company’s website at: https://masrei.com/governance/documents and will be distributed to MAS shareholders today, Wednesday, 8 June 2022. The Shareholders’ Meeting will be held at 13:00 on Thursday, 30 June 2022 at the registered offices of MAS, Suite 11, Marina Business Centre, Abate Rigord Street, Ta’ Xbiex, XBX 1129, Malta, for the purpose of considering, and if deemed fit passing, with or without modification, the resolutions required to be approved by shareholders in order to approve the Transactions. The salient dates and times relating to the Circular and the Shareholders’ Meeting are set out below. 2022 Record date to receive the Circular and notice of Shareholders’ Meeting Friday, 27 May Circular and notice of Shareholders’ Meeting issued Wednesday, 8 June Last day to trade in order to be eligible to participate in and vote at the Shareholders’ Meeting Tuesday, 21 June Voting record date Friday, 24 June Last day to lodge forms of proxy for the Shareholders’ Meeting by 13:00 Tuesday, 28 June Shareholders’ Meeting held at 13:00 Thursday, 30 June Results of the Shareholders’ Meeting released on SENS Thursday, 30 June 8 June 2022 For further information please contact: Leon Allison, MAS P.L.C. + 27 82 307 3667 Dan Petrisor, MAS P.L.C. + 356 77 186 791 Java Capital, Corporate advisor and JSE sponsor + 27 11 722 3050 Date: 08-06-2022 08:30:00 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.