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

    MSM - Massmart Holdings Limited - Notification of 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 Director`s dealing in Massmart Holdings Limited securities  
    In compliance with rule 3.63 to 3.66 of the JSE Listing Requirements, the   
    following dealings in the securities of Massmart Holdings Limited have      
taken place by a director of the company:                                   
    Director:                         Michael Rubin                             
    Number of securities:             20,000                                    
    Class of security:                Ordinary                                  
Nature of interest:               Direct, beneficial                        
    Nature of transaction:            Sale                                      
    Date:                             1 March 2007                              
    Price:                            R85.09                                    
Total transaction value:          R1,701,798.50                             
    Prior authority to transact:      Obtained                                  
    1 March 2007                                                                
    Johannesburg                                                                


    Sponsor to Massmart:                                                        
    Deutsche Securities (SA) (Proprietary) Limited                              
Date: 01/03/2007 15:52:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.