Massmart Holdings Limited - Notification of Subsidiary Director"s dealings

Massmart Holdings Limited - Notification of Subsidiary Director"s dealings      
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code:MSM)                                                                
(ISIN: ZAE000029534)                                                            
("Massmart")                                                                    
Notification of Subsidiary Director"s dealings 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 Holdings Limited have taken    
place by directors of subsidiary companies:                                     
1.Director                              :    Gert Lourens                       
Subsidiary Company                      :    Makro Southern Africa (Pty) Ltd    
Number of securities                    :    38,977                             
Class of security                       :    Ordinary                           
Nature of interest                      :    Direct, beneficial                 
Nature of transaction                   :    Exercise of options and sale of    
                                             shares                             
Date                                    :    1 March 2005                       
i).  Nature of transaction              :    Exercise of options                
     Number of Securities               :    7,852                              
     Price                              :    R13.88 per option                  
ii). Nature of transaction              :    Sale of shares                     
     Number of Securities               :    7,852                              
     Price                              :    R45.3192 per share                 
iii).Nature of transaction              :    Sale of shares                     
Number of Securities               :    31,125                             
     Price                              :    R45.32 per share                   
Total transaction value                 :    R1 766 431                         
Shareholding                            :    The shares sold represent 28.88% of
Mr Lourens" Massmart shareholding  

                                             comprising direct purchases and/or 
                                             shares acquired in terms of the    
                                             rules of the Massmart Holdings     
Limited Employee Share Trust.      

                                             After the abovementioned sale, Mr  
                                             Lourens still holds 95,984 shares  
                                             or options.                        
2.   Director:                     Jay Currie                                   
Subsidiary Company:                Massdiscounters (Pty) Ltd                    
Number of securities:              25,000                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction         :    Sale                                         
Date                          :    1 March 2005                                 
i).  Nature of transaction    :    Exercise of options                          
Price                    :    R12.03 per option                            
ii). Nature of transaction    :    Sale of shares                               
     Price                    :    R45.32 per share                             
Total transaction value       :    R1 133 000                                   
Shareholding:                      The shares sold represent 16.22% of Mr       
                                   Currie"s Massmart shareholding comprising    
                                   direct purchases and/or shares acquired in   
                                   terms of the rules of the Massmart Holdings  
Limited Employee Share Trust.  After the     

                                   abovementioned sale, Mr Currie still holds   
                                   129,140 shares or options.                   
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
2 March 2005                                                                    
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 02/03/2005 11:16:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department