MSM - Massmart - Subsidiary director`s dealing in Massmart securities

MSM - Massmart - Subsidiary director`s dealing in Massmart 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 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          
subsidiary director of the Company:                                             
Subsidiary director:             Fred Cresswell                                 
Subsidiary:                      Masscash                                       
Number of securities:            6,642                                          
Class of security:               Ordinary                                       
Nature of interest:              Direct, beneficial                             
Nature of transaction:           Exercise of options / Sale of shares           
Date:                            23 February 2007                               
i)   Nature of transaction:      Exercise of options                            
No:                         3,221                                           
    Price:                      R13.88 per option                               
ii)  Nature of transaction:      Exercise of options                            
    No:                         3,421                                           
Price:                      R18.98 per option                               
iii) Nature of transaction:      Sale of shares                                 
    No:                         6,642                                           
    Price:                      R85.00                                          
Total transaction value:    R564,570.00                                     
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 17:39:58 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.