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
grants by The Massmart Holdings Limited 2013 Share Plan (“the Share Plan”) to the under-
mentioned Director, 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, 25,430 Massmart shares were
released to GRC Hayward. Following deduction of the associated tax obligation, Mr. Hayward
has retained ownership of 13,983 shares.

                                              GRC Hayward, Chief Executive Officer:
  Name and designation of Director
                                                          Massmart Holdings Limited

                                               Settlement of grants in terms of the
  Nature of transaction
                                              Share Plan in off market transactions

  Date of grant                                                       16 March 2015

  Date of vesting                                                     16 March 2018

  Number of performance shares settled
                                                                            25,430

  Vesting price per share
                                                                            170.26

  Total value of performance shares settled                         R 4,329,793.21



  Date of transaction                                                29 March 2018

                                           Transfer of shares to participant in an
  Nature of transaction
                                                            off market transaction

  Net shares settled
                                                                            13,983

  Price per share
                                                                            170.26

  Value of net shares settled                                       R 2,380,790.35

  Class of securities                                              Ordinary shares


Johannesburg
29 March 2018


Sponsor
Deutsche Securities (SA) Proprietary Limited

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