MSM - Massmart Holdings Limited - Notification of director`s dealings in

MSM - Massmart Holdings Limited - Notification of director`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 Director`s dealings in Massmart securities                      
In compliance with rule 3.63 to 3.66 of the JSE Listing Requirements, the       
following dealings in the securities of Massmart have taken place by a          
subsidiary director of the Company:                                             
Subsidiary director:               Mike Marshall                                
Subsidiary:                        Masscash                                     
Number of securities:              13,606                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Exercise of Options / Sale of shares         
Option Strike date:                26 February 2004                             
Date of transaction:               18 May 2009                                  
Prior authority to transact:       Obtained                                     
Nature of transaction:             Exercise of options                          
No:                                13,606                                       
Vesting Periods:                   26 February 2009                             
Price:                             Weighted Average price: R18.98               
Nature of transaction:             Sale of shares                               
No                                 13,606                                       
Price:                             R75.25                                       
Total transaction value:           R 1,023,851.50                               
20 May 2009                                                                     
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/05/2009 10:17:01 Supplied by www.sharenet.co.za                     
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