Massmart - Senior Executive Appointments

Massmart - Senior Executive Appointments                                        
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code: MSM)                                                               
(ISIN: ZAE000029534)                                                            
("Massmart" or "the Group")                                                     
SENIOR EXECUTIVE APPOINTMENTS                                                   
Introduction                                                                    
Arising from the past and planned growth of Massmart and the imperative to      
sustain the focus and leadership ethos that has ensured our progress to date, it
has become necessary to restructure and expand the Group"s senior executive     
leadership.                                                                     
The following appointments will be effective from 1st July 2005, but this       
announcement is being made now to facilitate a smooth transition of roles.      
Appointment of Massmart Deputy Chief Executive Officer                          
It is with pleasure that we announce the appointment of Group Commercial        
Director and Executive Committee member, Mr. Grant Pattison, to the newly       
created position of Deputy Chief Executive Officer.                             
Continuing to report to Deputy Chairman and Chief Executive Officer Mr. Mark    
Lamberti, Grant will retain, and in due course add to, his current              
responsibilities with a view to assisting with the strategic and operating      
leadership of the Group.                                                        
Grant obtained a Bachelor of Science with honours in electrical engineering and 
after four years with the Anglo American group and two years consulting with    
Monitor, joined Massmart in 1998 as Executive Assistant to the CEO.  Since then 
he has been responsible for a number of important initiatives in the Group      
including: the strategic positioning of Massmart"s cellular activities; research
and analysis that culminated in the successful rationalisation of the Game and  
Dion chains; and the implementation of the Group"s "Channel" strategy.  In      
addition, as managing director of Massdiscounters he was responsible for that   
divisions excellent performance over three years prior to assuming the role of  
Group Commercial Executive where in addition to the tasks for which the position
was created, his leadership intervention as managing director of Masstrade      
ensured that Shield and Furnex are now positioned for improved performance.     
Having served on all of the divisional boards, Grant is well known to executives
and senior management throughout Massmart.                                      
Appointment of Massmart Chief Operating Officer                                 
It is an equal pleasure to announce the appointment of Executive Committee      
member and Massdiscounters managing director, Mr. Fanus Nothnagel to the        
position of Chief Operating Officer.  His appointment to the Massmart board will
be proposed at its May meeting.                                                 
Continuing to report directly to the Deputy Chairman and Chief Executive, Fanus 
will retain, and in due course add to, his current responsibilities with a view 
to increasing his executive and operating influence over other parts of the     
Group.  As a first step in this direction he will be appointed to the Makro     
board with immediate effect and the newly appointed Makro Divisional CEO (see   
below) will report to him when Mr Joe Owens relinquishes that position to focus 
on Massmart"s DIY and home improvement assets on the 30th June 2005.  (Further  
announcements regarding the latter will be made dependent upon the Competitions 
Commissions ruling on the Delarey, Federated Timbers and Servistar              
acquisitions.)                                                                  
Fanus"s early career was spent with the Unilever and South African Breweries    
groups, where after he joined the SC Johnson Group, serving as financial        
director of the South African division, followed for three years by marketing   
and sales positions in the United States, returning to South Africa as managing 
director and ending his career with that group in the position of General       
Manager of SC Johnson in sub-Saharan Africa.  In 2003 Fanus joined Massmart as  
managing director of Massdiscounters where his focused leadership has resulted  
in that division achieving results comparable to the worlds leading general     
merchandise discounters.  In December 2004 his responsibilities were extended to
include the Chairmanship of Massmart"s General Merchandise Forum.  In addition  
to numerous high level executive development programmes, Fanus" formal education
includes a Bachelor of Commerce degree and a Diploma in Management Accounting.  
He is an Associate Chartered Management Accountant.                             
Appointment of Executive Committee Members                                      
Divisional CEO of Makro                                                         
Reporting to Massmart COO Fanus Nothnagel, a senior executive has been appointed
as Divisional CEO of Makro and a member of the Massmart Executive Committee, to 
commence employment during July 2005.  A detailed announcement in this regard   
will be made shortly                                                            
Divisional CEO Designate                                                        
Reporting to Massmart Deputy CEO Grant Pattison, Mr Richard Potash (31) will    
join Massmart as Divisional CEO Designate and a member of the Massmart Executive
Committee on 1st June 2005, when he will initially assume responsibility for    
Shield, Furnex and Cellshack.                                                   
From 1992 to 1996 Richard obtained the degrees of Bachelor of Business Science  
and Master of Commerce at the University of Cape Town where after he joined     
Standard Corporate and Merchant Bank becoming involved in import and export     
trade finance. In 1998 he joined ABSA where he extended his expertise to        
agricultural commodity trading and credit, interfacing extensively with the     
farming community.  This led to his appointment in 2000 as Managing Director of 
the Afgri Capital Division where he led a large team involved in providing      
funding, crop insurance, credit, new product development and grain trading to   
the agricultural community.                                                     
Conclusion                                                                      
We are confident that these appointments will enhance the quality, depth and    
structure of the Group"s senior executive management, providing the leadership  
demanded by Massmart"s stakeholders.                                            
12 May 2005                                                                     
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 12/05/2005 12:53:16 PM Supplied by www.sharenet.co.za                     
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