Massmart Holdings Limited - Notification of Director"s dealing

Massmart Holdings Limited - Notification of Director"s dealing                  
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 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 the company:                                                                 
Director:                        Stephanus Nothnagel                            
Number of securities:            112,309                                        
Class of security:               Ordinary                                       
Nature of interest:              Direct, beneficial                             
Nature of transaction:           Exercise of Options / Sale of shares           
Date:                            28 and 29 November 2006                        
i)   Nature of transaction:      Exercise of options                            
     Number of securities        104,552                                        
Price:                      R17.82 per option                              
ii)  Nature of transaction:      Exercise of options                            
     Number of securities:       7,757                                          
     Price:                      R29,87 per option                              
iii) Nature of transaction:      Sale of shares                                 
     Date:                       28 and 29 November 2006                        
     Number of securities:       112,309                                        
     Price:                      R68.1659                                       
Total transaction value:    R7,655,639.67                                  
Shareholding: The shares sold represent 11.89% 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 832,379 Massmart shares or        
options.                                                                        
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
30 November 2006                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 30/11/2006 10:31:23 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department