MAS P L C : 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/documentsand 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