MAS REAL ESTATE INC - MAS prices a 300 million unsecured green bond

MAS prices a €300 million unsecured green bond

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the Company”)


MAS PRICES A €300 MILLION UNSECURED GREEN BOND


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OR 
TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER 
JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL

MAS Securities B.V., a wholly owned subsidiary of MAS has closed the green corporate bond book build referred to in
the announcement released earlier today. MAS Securities B.V. has priced a €300 million unsecured 5-year Eurobond
maturing on 19 May 2026 (“the Bond”), carrying a 4.25% fixed coupon, with an issue price of 98.903%.

Moody’s and Fitch assigned the Bond a Ba1 and BB rating, in line with the corporate rating.

Application will be made for listing the Bond with Euronext Dublin.

MAS’ strong financial position, as also indicated by its corporate ratings, as well as the participation of the European
Bank of Reconstruction and Development as an investor contributed to the success of the issuance. The single day
oversubscribed book build attracted investment from several leading global asset managers and investors.

“As a management team, we always had sustainability at the forefront of our thinking. Our assets are managed with a
long-term-hold mindset and therefore it makes economic sense to think of our investments in a sustainable manner.”
Martin Slabbert, CEO of MAS Real Estate.

By accepting, viewing or reading this announcement, the recipient agrees to be bound by the following obligations and
limitations.

This announcement is indicative and for information purposes only in connection with the transaction. The final terms
and conditions of the transaction will be set out in full in the applicable offering document.

This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy any securities described
herein. The offering may be restricted by law in certain jurisdictions and you should inform yourself about and observe
any such restrictions. Any failure to comply with these restrictions could result in a violation of the laws of such
jurisdiction.

The securities and the guarantee described herein have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to or for the
account or benefit of U.S. persons, as defined in Regulation S under the Securities Act. The offering is not available to
any retail client.

NO ACTION HAS BEEN MADE OR WILL BE TAKEN THAT WOULD PERMIT A PUBLIC OFFERING OF ANY SECURITIES DESCRIBED HEREIN IN ANY 
JURISDICTION IN WHICH ACTION FOR THAT PURPOSE IS REQUIRED. NO OFFERS, SALES, RESALES OR DELIVERY OF ANY SECURITIES DESCRIBED 
HEREIN OR DISTRIBUTION OF ANY OFFERING MATERIAL RELATING TO ANY SUCH SECURITIES MAY BE MADE IN OR FROM ANY JURISDICTION 
EXCEPT IN CIRCUMSTANCES WHICH WILL RESULT IN COMPLIANCE WITH ANY APPLICABLE LAWS AND REGULATIONS AND WHICH WILL NOT IMPOSE 
ANY OBLIGATION ON THE JOINT BOOKRUNNERS OR ANY OF THEIR AFFILIATES.

The Joint Bookrunners, their affiliates and the individuals associated therewith may (in various capacities) have positions
or deal in transactions or securities (or related derivatives) identical or similar to those described herein.
This announcement is not intended to be an inducement to engage in investment activity for the purpose of Section 21
of the Financial Services and Markets Act 2000 of the United Kingdom (the “FSMA”).

Relevant stabilisation regulations, including FCA/ICMA, will apply. Manufacturer target market (UK MiFiR and EU MIFID
II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs
or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or UK. This
announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129.


12 May 2021

For further information please contact:
Dan Petrisor, MAS Real Estate Inc.                                                 +40 741 184 921
Java Capital, JSE Sponsor                                                          +27 11 722 3050

Date: 12-05-2021 05:30:00
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.