MAS PLC - Changes to the board of directors and board committees

Changes to the board of directors and board committees

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


CHANGES TO THE BOARD OF DIRECTORS AND BOARD COMMITTEES


Shareholders are advised that Martin Slabbert has stepped down from his position as Non-Executive Director of MAS,
returning full-time to Prime Kapital to focus on the execution of the substantial development pipeline in the development
joint venture ("DJV").

Martin has provided substantial value to MAS since his appointment as CEO on 20 November 2019. He steered MAS
through its transition to a fully-fledged, internally managed, CEE-focused property investor and operator, during a
challenging period exacerbated by the Covid-19 pandemic. Since 21 April 2022, when he stepped down as MAS’ CEO,
he continued to provide valuable guidance as a Non-Executive Director on MAS’ board of directors ("Board").

The Board is confident that its pre-existing and ongoing business relationship with Prime Kapital via the DJV (recently
extended after Martin stepped down as MAS’ CEO), will continue to have a major positive impact on the Group’s future
financial performance. The Board is profoundly grateful for Martin’s contribution during his tenure in his Executive, and
Non-Executive roles, and thanks him for his outstanding service as a MAS Director.

Further, the Group is pleased to announce the appointment of Mihail Vasilescu as Non-Executive Director on the Board.
Mihail has 20 years of real estate and finance industry experience and is an indirect beneficiary of a minority
shareholding in Prime Kapital, which he joined in 2016. Prior to this, he founded and was managing partner of Rampart
Capital, a leading financial advisory company focused on corporate finance raising, debt restructuring and M&A
advisory, after gaining substantial experience in the Romanian banking industry, via his roles as Head of Project Finance
for Banca Romaneasca and associate relationship manager for Bancpost.

Following the changes mentioned, the composition of Board committees has been reconstituted as follows:
    - Audit and Risk Committee: Vasile Iuga (Chair), Brett Nagle, and Mihail Vasilescu.
    - Remuneration and Nomination Committee: Dan Pascariu (Chair), Mihail Vasilescu, and Werner Alberts.
    - Environmental, Social and Ethics Committee: Pierre Goosen (Chair), Claudia Pendred, and Irina Grigore.

All changes to the Board and committees’ composition are effective from 13 December 2022.

13 December 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, JSE Sponsor                                                          +27 11 722 3050

Date: 13-12-2022 05:00:00
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