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

Massmart Holdings Limited - Notification of Subsidiary Director"s dealing in    
Massmart Holdings Limited securities                                            
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code: MSM)                                                               
(ISIN: ZAE000029534)                                                            
("Massmart" or "the company")                                                   
Notification of Subsidiary 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 Holdings Limited have taken    
place by a director of a subsidiary company:                                    
Director:                          Fanus Nothnagel                              
Subsidiary Company:                Massdiscounters (Pty) Ltd                    
Number of securities:              30 000                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              28 April 2005                                
1.   Nature of transaction:        Exercise of options                          
Price:                             R17.82 per option                            
2.   Nature of transaction:        Sale of shares                               
Price:                             R44,0632 per share                           
Total transaction value:           R1 321 896.00                                
Shareholding:                      The shares sold represent  6.68% of Mr Fanus 
                                   Nothnagel"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     
                                   above-mentioned sale, Mr Fanus Nothnagel     
still holds 419 240 shares or options".      

The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
29 April 2005                                                                   
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/04/2005 10:35:54 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department