MASSMART HOLDINGS LIMITED - Dealings in securities

Dealings in securities

Massmart Holdings Limited:
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
(“Massmart”)

Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), the following information is provided regarding the settlement of awards by The
Massmart Holdings Limited 2013 Share Plan (“the Share Plan”) to the under-mentioned directors, as
defined in terms of the Listings Requirements.

As required in paragraph 3.66 of the Listings Requirements, the necessary authority has been obtained.

In terms of The Massmart Holdings Limited 2013 Share Plan, 34 179 Massmart shares were released to
GRC Hayward. Following deduction of the associated tax obligation, Hayward has retained ownership of
18 799 shares.

Name and designation of director                 GRC Hayward, Chief Executive Officer
                                                 Massmart Holdings Limited
Date of award                                    16 March 2014
Date of vesting                                  16 March 2017
Nature of transaction                            Settlement of awards in terms of the Share Plan in off
                                                 market transactions
Number of performance shares settled             34 179
Vesting price per share                          R149.4901
Total value of performance shares settled        R 5 109 422.13

Date of transaction                              28 March 2017
Nature of transaction                            Transfer of shares to participant in an off market
                                                 transaction
Net shares settled                               18 799 shares
Price per share                                  R 149.4901
Value of net shares settled                      R 2 810 264.39
Class of securities                              Ordinary shares
Extent of interest                               Direct, beneficial

Johannesburg
29 March 2017

Sponsor
Deutsche Securities (SA) Proprietary Limited

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