MAS PLC - Tender offer launch by a Group subsidiary

Tender offer launch by a Group subsidiary

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

TENDER OFFER LAUNCH BY A GROUP SUBSIDIARY

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS
TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES AND
THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

Stakeholders are advised that MAS CEE Holdings Limited ("MAS CEE Holdings"), a wholly owned subsidiary of the
Company, announced today its invitation to holders of the EUR300,000,000 4.25 per cent. Guaranteed Notes due 2026
(ISIN: XS2339025277) (the "Notes") to tender such Notes for purchase by MAS CEE Holdings for cash (the "Offer") at
prices to be determined pursuant to an unmodified Dutch auction procedure in respect of the Notes, on the terms and
subject to the conditions set out in the tender offer memorandum dated 4 December 2023 (the "Tender Offer
Memorandum") prepared by MAS CEE Holdings. The Offer is subject to the offer and distribution restrictions as detailed
in the Tender Offer Memorandum.

The full version of the Offer launch announcement is available on the Euronext Dublin website at link:
https://direct.euronext.com/api/PublicAnnouncements/RISDocument/ANN129709.pdf?id=7bf39924-fdc2-4870-88e5-
b9e0df77e0af.

This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the
Tender Offer Memorandum contain important information which should be read carefully before any decision is
made with respect to the Offer, inter alia, Offer and Distribution Restrictions. If any holder of Notes is in any doubt
as to the action it should take, it is recommended to seek its own financial and legal advice, including in respect
of any tax consequences, from its broker, bank manager, solicitor, accountant or other independent financial, tax
or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian,
trust company or other nominee must contact such entity if it wishes to tender Notes pursuant to the Offer. None
of the Company, MAS CEE Holdings, Deutsche Bank Aktiengesellschaft acting as dealer manager (the "Dealer
Manager") or Kroll Issuer Services Limited (the "Tender Agent"), or any person who controls, or is a director,
officer, employee or agent of such persons or any affiliate of such persons, makes any recommendation as to
whether holders of the Notes should tender Notes pursuant to the Offer.

4 December 2023

For further information please contact:
Dan Petrisor, MAS P.L.C.                +356 77 186 791
Java Capital, JSE Sponsor               +27 11 722 3050

Date: 04-12-2023 11:20:00
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