Massmart Holdings Limited - Notification of subsidiary director"s dealing

     Massmart Holdings Limited - 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 Listing Requirements, the  
following dealings in the securities of Massmart Holdings Limited have     
     taken place by a director of a subsidiary company:                         
     Director:                         J Currie                                 
     Subsidiary:                       Makro                                    
Number of securities:             32,284                                   
     Class of security:                Ordinary                                 
     Nature of interest:               Direct, beneficial                       
     Nature of transaction:            Exercise of Options / Sale of shares     
Date:                             10 November 2006                         
     i)    Nature of transaction:      Exercise of options                      
           No:                         25,000                                   
           Price:                      R 10.95 per option                       
ii)   Nature of transaction:      Exercise of options                      
           No:                         4,108                                    
           Price:                      R 18.98 per option                       
     iii)  Nature of transaction:      Exercise of options                      
No:                         3,176                                    

           Price:                      R 29.87 per option                       
     iv)   Nature of transaction:      Sale of shares                           
           No:                         32,284                                   
Price:                      R 61.9620                                

           Total transaction value:    R2,000,381.21                            
     The required clearance per section 3.66 of the JSE Listings Requirements   
     was obtained.                                                              
13 November 2006                                                           
     Johannesburg                                                               
     Sponsor to Massmart:                                                       
     Deutsche Securities (SA) (Proprietary) Limited                             
Date: 13/11/2006 03:00:06 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department