NOTIFICATION OF DIRECTOR"S DEALING IN MASSMART HOLDINGS LIMITED SECURITIES

NOTIFICATION OF DIRECTOR"S DEALING IN MASSMART HOLDINGS LIMITED SECURITIES      
Massmart Holdings Limited                                                       
Registration No. 1940/014066/06                                                 
JSE Code : MSM                ISIN Code:  ZAE000029534                          
Notification of Director"s dealing in Massmart Holdings Limited securities      
In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, the       
following dealings in the securities of Massmart Holdings Limited have taken    
place by a director of the company:                                             
Director                           :    MJ Rubin                                
Number of securities               :    5,000                                   
Class of security                  :    Ordinary                                
Nature of interest                 :    Direct, beneficial                      
Nature of transaction              :    Purchase                                
Date                               :    24 May 2004                             
Price                              :    R 29.10 per share"                      
Clearance has been obtained by Share Trust Administrator / Company Secretary.   
JOHN HAWKSLEY                           AUBREY CIMRING                          
Share Trust Administrator               Company Secretary                       
25 May 2004                                                                     
Date: 25/05/2004 09:07:26 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department