Massmart - Notification of Subsidiary Director"s dealing in securities

Massmart - Notification of Subsidiary Director"s dealing in 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:                     Robert Barrell                                    
Subsidiary Company:           Massdiscounters                                   
Number of securities:         8,627                                             
Class of security:            Ordinary                                          
Nature of interest:           Direct, beneficial                                
Nature of transaction:        Sale                                              
Date:                         23 May 2005                                       
1.   Nature of transaction:   Exercise of options                               
Price:                        R13.88 per option                                 
2.   Nature of transaction:   Sale of shares                                    
Price:                        R44.00 per share                                  
Total transaction value:      R379,618.19                                       
Shareholding:                 The shares sold represent 8.04% of Mr Barrell"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 Barrell 
                              still holds 98,738 shares or options.             
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
24 May 2005                                                                     
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 24/05/2005 12:42:50 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department