MASSMART HOLDINGS LIMITED - Trading Statement for the 26 weeks to 29 June 2014

Trading Statement for the 26 weeks to 29 June 2014

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
(“Massmart" or "the Company")



Trading Statement for the 26 weeks to 29 June 2014

This trading statement is required in terms of paragraph 3.4(b) of the JSE Limited Listings
Requirements.

Shareholders are advised that Massmart expects to release reviewed earnings, headline
earnings, earnings per share (Basic EPS) and headline earnings per share (HEPS) for the
26 weeks to 29 June 2014 within the ranges shown in the table below.

Headline earnings and HEPS excluding foreign exchange movements are also shown in the
table below.

                                                  Expected   Actual
                                                                         Expected %
                                                  Ranges -   June
                                                                          Change
                                                 June 2014   2013
Rm
Earnings                                     331.6 - 371.9     481.5    (31%) - (23%)
Headline earnings                            345.7 - 386.1     488.5    (29%) - (21%)
Headline earnings before foreign exchange    351.1 - 392.2     392.2      (10%) - 0%

Cents
Basic EPS                                    152.9 - 171.4     222.0    (31%) - (23%)
HEPS                                         159.4 - 178.0     225.2    (29%) - (21%)
HEPS before foreign exchange                 161.8 - 180.8     180.8      (10%) - 0%




Greater detail will be provided with the release of Massmart’s reviewed interim financial
results on 28 August 2014.

The above information has not been reviewed or reported on by the Company’s external
auditors.


Johannesburg
20 August 2014

Sponsor: Deutsche Securities (SA) Proprietary Limited

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