Massmart Holdings Limited - Notification of Subsidiary Director"s dealing in

Massmart Holdings Limited -   Notification of Subsidiary Director"s dealing in  
                              Securities                                        
Massmart Holdings Limited                                                       
Registration No. 1940/014066/06                                                 
JSE Code : MSM           ISIN Code ZAE000029534                                 
Notification of Subsidiary 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 a subsidiary company:                                    
Director                                :    W Prinsloo                         
Number of securities                    :    4,375                              
Class of security                       :    Ordinary                           
Nature of interest                      :    Direct, beneficial                 
Nature of transaction                   :    Sale                               
Date                                    :    27 May 2004                        
Price                                   :    R30.00 per share                   
Shareholding                            :    The shares sold represent 3.30% Mr 
                                             Prinsloo"s Massmart shares, or     
options to buy shares, held in     

                                             terms of the rules of the Massmart 
                                             Holdings Limited Employee Share    
                                             Trust".                            
Clearance has been obtained by Share Trust Administrator / Company Secretary.   
27 May 2004                                                                     
Date: 27/05/2004 04:26:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department