MASSMART - APPOINTMENT OF NEW MANAGING DIRECTOR - MASSDISCOUNTERS

MASSMART HOLDINGS LIMITED
18 OCTOBER 2000

MARK LAMBERTI, EXECUTIVE CHAIRMAN OF MASSMART, ANNOUNCED TODAY THAT, FOLLOWING
A SHORT TENURE AS MANAGING DIRECTOR OF MASSDISCOUNTERS, ALLAN HERMAN IS LEAVING
THE GROUP TO EMIGRATE.

MASSMART IS VERY PLEASED TO ANNOUNCE THE APPOINTMENT OF GRANT PATTISON TO THE
POSITION OF MANAGING DIRECTOR, MASSDISCOUNTERS, WITH IMMEDIATE EFFECT.
GRANT HAS BEEN A BOARD MEMBER OF MASSDISCOUNTERS SINCE ITS INCEPTION AND HAS
BEEN INTIMATELY INVOLVED IN THE CONCEPTION AND EXECUTION OF THE DIVISION'S
RATIONALISATION AND STRATEGIC DEVELOPMENT, FOLLOWING THE MERGER OF GAME AND
DION.

GRANT IS AN EXISTING MEMBER OF THE CHAIRMAN'S COMMITTEE AND EXECUTIVE COMMITTEE
OF MASSMART HOLDINGS AND WILL CONTINUE TO HOLD THOSE POSITIONS.  THIS

APPOINTMENT SUPPORTS THE DRIVE TO SUBSTANTIALLY STRENGTHEN THE LEADERSHIP OF
THIS LARGE PROFITABLE DIVISION, THAT NOW EMPLOYS 5,955 ASSOCIATES.

MARK LAMBERTI WILL REMAIN CHAIRMAN OF MASSDISCOUNTERS, WHICH WILL CONTINUE TO
OPERATIONALLY FALL UNDER DAN BARRETT, CHIEF OPERATING OFFICER OF MASSMART.