Massmart - Massbuild

Massmart - Massbuild                                                            
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1940/014066/06)                                             
JSE code: MSM                                                                   
ISIN ZAE000029534                                                               
("Massmart")                                                                    
MASSBUILD                                                                       
Further to our SENS announcement of the 12th May 2005, and the subsequent       
approval of Massmart"s acquisition of Federated Timbers, Servistar and De la    
Rey, by the Competition Commission on the 8th June 2005, we advise as follows:  
From the 1st July 2005, Builders Warehouse and Tile Warehouse, together with the
above acquisitions will comprise a new division of Massmart named Massbuild.  On
its inception, Massbuild will be South Africa"s largest and most profitable     
distributor of DIY and home improvement products, generating sales approaching  
R4bn in the year to June 2006, with a national footprint that will provide a    
sound platform for the implementation of location, brand and product strategies 
aimed at achieving consumer preference in the product category.                 
Following a successful 24 year career with Makro - 12 as the Chief Executive -  
Mr Joe (Gareth) Owens (56) will be appointed Chief Executive of the new         
Massbuild division with Norman Kretzmer (Managing Director Builders Warehouse), 
Trevor Hartin (Managing Director Federated Timbers), Robbie Best (Managing      
Director De la Rey), John Keil (Managing Director Servistar) and Chris Crossman 
(Managing Director Tile Warehouse) reporting directly to him.                   
The Board of Massbuild will comprise the above gentlemen, Grant Pattison, Guy   
Hayward, and Aubrey Cimring and will be chaired by the Group Deputy Chairman and
Chief Executive Mark Lamberti.                                                  
From 1st July Massmart will therefore comprise four divisions constituted as    
follows:                                                                        
-    Massdiscounters - Game and Dion                                            
-    Massbuild - Builders Warehouse, Federated Timbers, Servistar, De la Rey and
Tile Warehouse                                                             
-    Masswarehouse - Makro                                                      
-    Masscash - CBW, Jumbo, Shield, Furnex and Cellshack                        
We believe these structural changes facilitate improved strategic and operating 
focus and provide greater clarity for shareholders in respect of the varying    
characteristics of the product markets and business models within Massmart"s    
ambit.                                                                          
Johannesburg                                                                    
21 June 2005                                                                    
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 21/06/2005 12:12:48 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department