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

MSM - 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 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:                        Guy Hayward                                    
Number of securities:            56,389                                         
Class of security:               Ordinary                                       
Nature of interest:              Direct, beneficial                             
Nature of transaction:           Sale of shares                                 
Date:                            1 March 2007                                   
Price:                           R81.99                                         
Total transaction value:         R4,623,334.11                                  
Prior authority to transact:     Obtained                                       
Shareholding: The shares sold represent 6.61% of Mr Hayward`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 Hayward still holds 796,135 Massmart shares or options. 
20 March 2007                                                                   
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/03/2007 12:07:47 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.