Massmart Holdings Limited - Director"s dealing in securities

Massmart Holdings Limited - Director"s dealing in securities                    
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code: MSM)                                                               
(ISIN: ZAE000029534)                                                            
("Massmart" or "the company")                                                   
Notification of Subsidiary Director"s dealing in Massmart Holdings Limited      
securities                                                                      
In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, the       
following dealings in the securities of Massmart Holdings Limited have taken    
place by a director of a subsidiary company:                                    
Director:                          Gerhardus Lourens                            
Subsidiary Company:                Makro                                        
Number of securities:              31,125                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              16 November 2005                             
a).  Nature of transaction:        Sale of shares                               
     Price:                        R52.2675 per share                           
     Total transaction value:      R1,626,825.94                                
Shareholding:                      The shares sold represent 34.27% of Mr       
Lourens" Massmart shareholding comprising    

                                   direct purchases and/or shares acquired in   
                                   terms of the rules of the Massmart Holdings  
                                   Limited Employee Share Trust.  After the     
abovementioned sale, Mr Lourens still holds  

                                   59,693 shares or options                     
Director:                          Rob Masefield                                
Subsidiary Company:                CBW                                          
Number of securities:              10,000                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              16 November 2005                             
a).  Nature of transaction:        Exercise of options                          
     Price:                        R17.80 per option                            
b).  Nature of transaction:        Sale of shares                               
Price:                        R52.2675 per share                           
     Total transaction value:      R1522,675.00                                 
Shareholding:                      The shares sold represent 11.68% of Mr       
                                   Masefield"s Massmart shareholding comprising 
direct purchases and/or shares acquired in   

                                   terms of the rules of the Massmart Holdings  
                                   Limited Employee Share Trust.  After the     
                                   abovementioned sale, Mr Masefield still holds
75,623 shares or options                     

The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
17 November 2005                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 17/11/2005 04:57:11 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department