MSM - Massmart Holdings Limited - Notification of subsidiary Director`s dealing

MSM - Massmart Holdings Limited - Notification of subsidiary 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 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 subsidiary director of the company:                                  
Subsidiary director:             Sidney Newman                                  
Subsidiary:                      Builders Warehouse                             
Number of securities:            168,750                                        
Class of security:               Ordinary                                       
Nature of interest:              Direct, beneficial                             
Nature of transaction:           Exercise of options / Sale of shares           
Date:                            27 February 2007                               
i)   Nature of transaction:      Exercise of options                            
    No:                         168,750                                         
    Price:                      R30.20                                          
ii)  Nature of transaction:      Sale of shares                                 
No:                         168,750                                         
    Price:                      R82.8262                                        
    Total transaction value:    R13,976,921.25                                  
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
28 February 2007                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/02/2007 14:45:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.