MAS PLC - Results of shareholders' meeting

Results 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')


RESULTS OF SHAREHOLDERS' MEETING


Shareholders are referred to the circular issued by MAS on 8 June 2022, relating to:

-     the proposed acquisition of 100% of the share capital and shareholder loans of six subsidiaries of PKM
      Development Limited, owning six commercial retail centres in Romania (the 'Properties'); and

-     the execution of the DJV Relationship Extension Letter to extend the duration of the relationship with Prime
      Kapital Limited ('Prime Kapital') via the development joint venture ('DJV') and to increase MAS' funding
      commitment to the DJV (collectively, the 'Transactions').

Shareholders are advised that at the shareholders' meeting held today, Thursday, 30 June 2022, the resolutions
to approve the Transactions were passed by the requisite majority of shareholders.

Details of the voting process at the shareholders' meeting are set out below.

The total number of MAS shares in issue at the record date of the shareholders' meeting was 714 645 729. The
total number of MAS shares in issue that could have been voted at the shareholders' meeting (excluding treasury
shares and voting rights exercisable by Prime Kapital together with their associates, including Martin Slabbert and
Victor Semionov) was 537 719 440 (representing 75.24% of the total number of MAS shares in issue at the record
date of the shareholders' meeting). The total number of MAS shares that were present or represented at the
shareholders' meeting was 450 429 649, being 81.69% of the total number of MAS shares that could have been
voted at the shareholders' meeting.

Details of the voting results in respect of each resolution proposed at the shareholders' meeting are set out below.

Resolution number 1: Approval of the acquisition of the Properties

Shares voted*                  For                                Against                         Abstentions**
449 930 111, being 100%        367 957 032, being 81.78%          81 973 079, being 18.22%        499 538, being 0.07%

Resolution number 2: Execution of the DJV Relationship Extension Letter

Shares voted*                  For                                Against                         Abstentions**
449 930 111, being 100%        435 034 487, being 96.69%          14 895 624, being 3.31%         499 538, being 0.07%

*  Shares voted at the shareholders' meeting, excluding abstentions, treasury shares, and the voting rights exercisable 
   by Prime Kapital together with their associates, including Martin Slabbert and Victor Semionov.
** In relation to total shares in issue.

30 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: 30-06-2022 01:30:00
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