MSM - Massmart Holdings Limited - Sales Update

MSM - Massmart Holdings Limited - Sales Update                                  
MASSMART HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1940/014066/06)                                           
Share Code: MSM                                                                 
ISIN Code: ZAE000029534                                                         
("Massmart" or "the Company")                                                   
Sales Update                                                                    
Included in the Massmart annual financial statements released today is the      
following paragraph:                                                            
"For the 14 weeks to 30 September 2007, total Group sales grew 12,5% with       
comparable store sales growth of 10,7%. While the fundamental economic          
environment is healthy, inflationary pressures remain. Combined, high real      
wage increases, rising food inflation, high oil prices and widespread           
capacity constraints run the risk of introducing secondary inflation. This      
could herald a sustained period of CPIX outside of the Reserve Bank`s           
target range with resultant higher interest rates."                             
"Notwithstanding the possibility of tighter monetary policy, the outlook        
for growth looks good. Over and above the opportunities the economy             
provides, we are doing things that will improve Massmart`s competitiveness      
that should produce relatively superior growth of shareholder value."           
Another sales update will be provided at the annual general meeting on          
Wednesday, 21 November 2007.                                                    
Johannesburg                                                                    
30 October 2007                                                                 
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 30/10/2007 07:01:01 Supplied by www.sharenet.co.za                     
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