Massmart - Notification of Director"s dealing

Massmart - Notification of Director"s dealing                                   
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
Share code: MSM                                                                 
ISIN: ZAE000029534                                                              
("Massmart")                                                                    
Notification of Director"s dealing in Massmart Holdings Limited securities      
In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the      
following dealings in the securities of Massmart have taken place by a director 
of the company:                                                                 
Director:                          CS Seabrooke                                 
Number of securities:              59,150                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              10 September 2004                            
Price:                             R37.6399 per share                           
Shareholding:                      The options exercised and sold               
represents 50% of the one-off pre-           

                                   listing options granted in 2000              
                                   and 59,150 options remain                    
                                   outstanding. Mr Seabrooke"s                  
personal shareholding of 200,000             

                                   shares remains unchanged                     
The required clearance per section 3.66 of the Listings Requirements was        
obtained.                                                                       
13 September 2004                                                               
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 13/09/2004 04:59:15 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department