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

Massmart - 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:                          Gert Lourens                                 
Subsidiary Company:                Makro                                        
Number of securities:              14,273                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              27 May 2005                                  
1.   Nature of transaction:        Exercise of options                          
Number of securities:              7,852                                        
Price:                             R13.88 per option                            
Number of securities:              6,421                                        
Price:                             R18.98 per option                            
2.   Nature of transaction:        Sale of shares                               
Price:                             R43.0151 per share                           
Total transaction value:           R613,954.52                                  
Shareholding:  The shares sold represent 14.87% 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 81,711 shares or options.           
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
30 May 2005                                                                     
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 30/05/2005 12:58:09 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department