MASSMART HOLDINGS LIMITED - Dealings in securities

Dealings in securities

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


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 dealings in the securities of Massmart
Holdings Limited by a Director of Massmart, as defined in terms of the Listings Requirements. As required in
paragraph 3.66 of the Listings Requirements, the necessary authority has been obtained.

Name and designation of Director                 GRC Hayward, Chief Executive Officer: Massmart Holdings Limited
                                            On-market disposal of shares for settlement of share loan and transfer
Nature of transaction
                                                   of remaining shares to participant in an off-market transaction
Class of securities                                                                               Ordinary shares
Extent of interest                                                                             Direct, beneficial
Total number of securities                                                                                 61,017
Share loan balance                                                                                   4,298,580.78
Date of transaction                                                                               7 November 2018
Price per share                                                                                          105.5121
Number of shares sold                                                                                      47,555
Proceeds from sale of shares                                                                         5,017,627.92


Following settlement of the loan and deduction of the associated tax obligation, Mr. Hayward has retained
ownership of 13,462 shares. Mr. Hayward's Massmart shareholding has changed and comprises 208,183
shares or options acquired either as direct purchases or in terms of the rules of the Massmart Holdings
Limited Employee Share Trust.


Johannesburg
13 November 2018

Sponsor: JP Morgan Equities South Africa (Pty) Ltd

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