Massmart Holdings Limited - Shareholders approve Massmart BEE transaction

Massmart Holdings Limited - Shareholders approve Massmart BEE transaction       
MASSMART HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code: MSM)                                                               
(ISIN: ZAE000029534)                                                            
("Massmart")                                                                    
SHAREHOLDERS APPROVE MASSMART BEE TRANSACTION                                   
At the general meeting of Massmart held today, 14 July 2006, the requisite      
majority of Massmart shareholders approved all the ordinary and special         
resolutions proposed relating to the creation and issue of the equivalent of    
approximately 10% of Massmart"s current issued share capital to the Thuthukani  
Empowerment Trust and the Management Trust ("the BEE Transaction").             
Following the imminent registration of the special resolutions by the Companies 
and Intellectual Property Registration Office (CIPRO), the BEE Transaction will 
be implemented with effect from 1 October 2006.                                 
Sandton                                                                         
14 July 2006                                                                    
Merchant bank and transaction Sponsor:                                          
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Company Sponsor:                                                                
Deutsche Securities SA (Pty) Limited                                            
Date: 14/07/2006 03:34:09 PM Supplied by www.sharenet.co.za                     
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