MASSMART HOLDINGS LIMITED - Trading Statement for the 26 weeks to 28 June 2015

Trading Statement for the 26 weeks to 28 June 2015

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 28 June 2015

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

Shareholders are advised that Massmart expects the following interim results for the
26 weeks ended 28 June 2015 (2014: 26 weeks):

                                              Expected
                                                              Actual      Expected %
                                              ranges -
                                                            June 2014      change
                                             June 2015
Rm
Profit before interest and tax (“PBIT”)     651.2 - 719.3       695.0    (6.3%) - 3.5%
PBIT before foreign exchange                752.1 - 831.5       702.9    7.0% - 18.3%

Earnings                                    267.4 - 295.8       350.0   (23.6%) - (15.5%)
Headline earnings                           255.6 - 282.5       364.1   (29.8%) - (22.4%)
Headline earnings before foreign exchange   337.6 - 373.1       369.8     (8.7%) - 0.9%

Cents
Basic earnings per share                    123.2 - 136.3       161.3   (23.6%) - (15.5%)
Headline earnings per share (“HEPS”)        117.8 - 130.2       167.8   (29.8%) - (22.4%)
HEPS before foreign exchange                155.7 - 172.0       170.5     (8.7%) - 0.9%


Greater detail will be provided with the release of Massmart’s reviewed interim financial
results on 27 August 2015.

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


Johannesburg
19 August 2015

Sponsor: Deutsche Securities (SA) Proprietary Limited

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