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Massmart - Correction of Sens announcement of 11 March 2005 - Chris Seabrooke

Release Date: 14/03/2005 13:55
Code(s): MSM
Wrap Text

Massmart - Correction of Sens announcement of 11 March 2005 - Chris Seabrooke Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1940/014066/06) (Share code:MSM) (ISIN: ZAE000029534) ("Massmart" or "the company") Correction of Sens announcement of 11 March 2005 with reference to Director Chris Seabrooke: 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 have taken place by a director of the company : Director : Chris Seabrooke Number of securities : 29,575 Class of security : Ordinary Nature of interest : Direct, beneficial Nature of transaction : Exercise of options / sale of shares Date : 10 March 2005 Nature of transaction : Exercise of options Price : R14.61 per option ii)Nature of transaction : Sale of shares Price : R49.0334 Total transaction value : R1,450,162.81 Shareholding : The exercise of these options concludes the phase-out programme of options for non- executive directors whose remuneration is now fee based only, in accordance with Massmart
governance practices. Mr Seabrooke now holds no shares or options in the Massmart Holdings Limited Employee Share Trust, however Mr Seabrooke"s personal shareholding of 200,000
shares remain unchanged." The required clearance per section 3.66 of the JSE Listings Requirements was obtained. 11 March 2005 Johannesburg Sponsor to Massmart: Deutsche Securities (SA) (Proprietary) Limited Date: 14/03/2005 01:55:07 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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