MASSMART HOLDINGS LIMITED - PROSPECTS STATEMENT IN ANNUAL REPORT

MASSMART HOLDINGS LIMITED - PROSPECTS STATEMENT IN ANNUAL REPORT                
Massmart Holdings Limited                                                       
(Registration number  1940/014066/06  )                                         
JSE code:      MSM                                                              
ISIN ZAE  000029534                                                             
("Massmart" or "the Group")                                                     
The Massmart annual report for the year ended 30 June 2003 that was posted to   
shareholders on 24 October 2003 included the following statement on the Group"s 
prospects for the year ended 30 June 2004:                                      
"For the first 15 weeks of the current financial year, sales growth, including  
the Builders Warehouse and Tile Warehouse acquisitions for the first time, was  
14.5%.  Comparable store sales growth for the same period was 7.3%.  Deflation  
is evident in many product categories, arising predominantly from the impact of 
a stronger Rand on direct or indirect imports and on local merchandise          
influenced by the exchange rate.  Estimated volume growth is 4.5%.  Profit is in
line with budget and ahead of the comparable period in the previous year.       
In line with strategy, and slightly ahead of Massmart"s 2007 Vision for Growth  
objectives, at least 14 stores will be added to the Group"s 142-store portfolio 
in the current year."                                                           
27 October 2003                                                                 
Johannesburg                                                                    
Sponsor: UBS                                                                    
Date: 27/10/2003 05:45:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department