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

Massmart Holdings Limited - Notification of 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 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:                Makro                                        
Number of securities:              12,500                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              17 November 2005                             
a).  Nature of transaction:   Exercise of options                          
     Price:                        R12.25 per option                            
b).  Nature of transaction:        Sale of shares                               
     Price:                        R52.5584 per share                           
Total transaction value:      R656,980.00                                  
     Shareholding:                 The shares sold represent 13.43% 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  
                                   80,548 shares or options".                   
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
Director :                         Guy Hayward                                  
Number of securities :             75,000                                       
Class of security :                Ordinary                                     
Nature of interest :               Direct, beneficial                           
Nature of transaction :            Exercise of options / sale of shares         
Date :                             17 November 2005                             
Nature of transaction:             Exercise of options                          
Price :                            R 10.95 per option                           
     ii)  Nature of transaction:   Sale of shares                               
          Price:                   52.5584                                      
Total transaction value:           R3,941,880.00                                
Shareholding :                     The shares sold represent 7.30% of Mr        
                                   Hayward"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 Hayward still holds  
                                   952,524 Massmart shares or options".         
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
18 November 2005                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 18/11/2005 10:25:17 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department