MSM - Massmart - Notification of subsidiary director`s dealing

MSM - Massmart - 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 Listings Requirements, the      
following dealings in the securities of Massmart Holdings Limited have taken    
place by a subsidiary director of the company:                                  
Subsidiary director:             Neville Dunn                                   
Subsidiary:                      CBW                                            
Number of securities:            25,000                                         
Class of security:               Ordinary                                       
Nature of interest:              Direct, beneficial                             
Nature of transaction:           Exercise of options / Sale of shares           
Date:                            4 April 2007                                   
i)   Nature of transaction:      Exercise of options                            
    No:                         25,000                                          
    Price:                      R13.88                                          
ii)  Nature of transaction:      Sale of shares                                 
No:                         25,000                                          
    Price:                      R84.0221                                        
    Total transaction value:    R2,100,552.50                                   
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
5 April 2007                                                                    
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 05/04/2007 11:34:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.