MSM - Massmart - Executive Committee Member`s dealing in securities

    MSM - Massmart - Executive Committee Member`s dealing in 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 Executive Committee Member`s dealing in Massmart securities 
    In compliance with rule 3.63 to 3.74 of the JSE ListingsRequirements, the   
    following dealings in the securities of Massmart have taken place by an     
    Executive Committee Member of the Company:                                  
Executive Committee Member:       Gareth Owens                              
    Number of securities:             200,000                                   
    Class of security:                Ordinary                                  
    Nature of interest:               Direct, beneficial                        
Nature of transaction:            Exercise of options / Sale of shares      
    i)    Nature of transaction:      Exercise of options                       
          No:                         200,000                                   
          Price:                      R 10.95 per option                        
ii)   Nature of transaction:      Sale of shares                            
          Date:                       23 February 2007                          
          No:                         200,000                                   
          Price:                      R83.6594                                  
Total transaction value:    R16,731,880.00                            
    Shareholding : The shares sold represent 34% of Mr Owen`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 Owen still holds 388,147 Massmart shares or         
    options.                                                                    
    The required clearance per section 3.66 of the JSE Listings Requirements    
    was obtained.                                                               
26 February 2007                                                            
    Johannesburg                                                                
                                                                                
    Sponsor to Massmart:                                                        
Deutsche Securities (SA) (Proprietary) Limited                              
Date: 26/02/2007 17:36:57 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.