MAS PLC - Conditional voluntary bid by PKI to acquire all MAS shares not already held by PKI results announcement

Conditional voluntary bid by PKI to acquire all MAS shares not already held by PKI – results announcement

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


CONDITIONAL VOLUNTARY BID BY PK INVESTMENTS LIMITED ("PKI") TO ACQUIRE ALL
MAS SHARES NOT ALREADY HELD BY PKI – RESULTS ANNOUNCEMENT

Unless the context dictates otherwise, capitalised terms used in this announcement will have the same
meanings assigned to them in the PKI Bid Circular and, if not found there, then MAS's announcement
published on SENS on Friday, 8 August 2025.

Shareholders are referred to the announcements published by PKI on SENS on 11 August 2025,
14 August 2025 and today, 15 August 2025 regarding the PKI Voluntary Bid.

Shareholders are advised that the PKI Voluntary Bid was accepted in respect of a total of 100,594,974
MAS Shares (82,142,041 in exchange for the Cash Consideration and 18,452,933 in exchange for the
Consideration Instruments (Listed)), comprising 14.38% of MAS' issued share capital (excluding
treasury shares).

Following settlement, (i) PKI will collectively hold 254,093,543 MAS Shares, being 36.32% of the issued
share capital of MAS (excluding treasury shares); and (ii) PKI, together with other shareholders deemed
to be concert parties under Maltese listings requirements, will jointly hold 49.4% of the issued share
capital of MAS.

The information contained in this announcement has not been independently verified by MAS and is
based on information published in PKI's SENS announcement and press release of today, 15 August
2025.

15 August 2025

For further information please contact:

 Irina Grigore, MAS P.L.C.                          +356 27 66 36 91
 Valeo Capital, JSE Sponsor                         +27 21 851 0091
 Investec Bank Limited, Corporate Advisor           +27 11 291 3269
 Webber Wentzel, Legal Advisor

Date: 15-08-2025 04:36:00
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