Massmart - Directors" dealings

Massmart - Directors" dealings                                                  
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 securities            
In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the      
following dealings in the securities of Massmart have taken place by a director 
of a subsidiary company:                                                        
Director:                          Stephanus Nothnagel                          
Subsidiary Company:                Massdiscounters                              
Number of securities:              74,552                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              28 February 2006                             
1.   Nature of transaction:        Exercise of options                          
Price:                             R17.82 per option                            
2.   Nature of transaction:        Sale of shares                               
Price:                             R60.7829 per share                           
Total transaction value:           4,531,486.76                                 
Shareholding:                      The shares sold represent 9.10% of Mr        
                                   Nothnagel"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 Nothnagel still holds
                                   744,688 shares or options                    
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
2 March 2006                                                                    
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 02/03/2006 02:14:27 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department