MSM - Massmart - Notification of Executive Committee Member`s dealings in

MSM - Massmart - Notification of Executive Committee Member`s dealings in       
Massmart 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 Executive Committee Member`s dealings in Massmart securities    
In compliance with rule 3.63 to 3.66 of the JSE Limited Listings Requirements,  
the following dealings in the securities of Massmart have taken place by an     
Executive Committee member of the Company:                                      
Executive Committee Member:       Brian Leroni                                  
Number of securities:             8,855                                         
Class of security:                Ordinary                                      
Nature of interest:               Direct, beneficial                            
Nature of transaction:            Exercise of options / Sale of shares          
Date:                             31 October 2008                               
i)   Nature of transaction        Exercise of options                           
No:                          8,855                                          
    Price:                       Weighted Average price: R35.31                 
ii)  Nature of transaction        Sale of shares                                
    No:                          8,855                                          
Price:                       R87.00                                         
Total transaction value:          R770,385.00                                   
Prior authority to transact:      Obtained                                      
Shareholding: The shares sold represent 4.00% of Mr Leroni`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 Leroni still holds 212,359 Massmart shares or options   
3 November 2008                                                                 
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 03/11/2008 12:37:01 Supplied by www.sharenet.co.za                     
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