MSM - Massmart - Notification of acceptance of shares and share options by

MSM - Massmart - Notification of acceptance of shares and share options by      
Executive Directors and Executive Committee Members of Massmart                 
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 acceptance of shares and share options by Executive Directors   
and Executive Committee Members of Massmart                                     
In compliance with rules 3.63 to 3.66 of the JSE Limited Listings Requirements, 
we hereby advise that shares or share options in Massmart Holdings securities   
have been offered to all eligible Group employees. These shares and share       
options were offered on 27 May 2009 at a strike price of R77.5593 being the 5   
day volume weighted average price on 26 May 2009, in terms of the rules of the  
Massmart Holdings Limited Employee Share Trust. This offer was approved by the  
Massmart Holdings Remuneration and Nominations Committee.                       
The total allocation of these shares or share options is 3,261,540 of which     
20.27% was offered to the Executive Directors and Executive Committee members as
listed below. The acceptance date of the shares or share options by the         
beneficiaries listed below is 27 August 2009. These shares and share options are
exercisable as to one quarter each in May 2011, May 2012, May 2013 and May 2014.
Name:                                  Grant Pattison                           
Position held:                         Chief Executive Officer                  
Company:                               Massmart Holdings Limited                
Number of securities:                  86,131                                   
Total value:                           R6,680,263.86                            
Class of security:                     Ordinary shares                          
Nature of interest:                    Indirect/Beneficial                      
Name:                                  Guy Hayward                              
Position held:                         Chief Financial Officer                  
Company:                               Massmart Holdings Limited                
Number of securities:                  215,201                                  
Total value:                           R16,690,848.40                           
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
Name:                                  Robin Wright                             
Position held:                         Divisional CEO                           
Company:                               Masscash Holdings (Pty) Ltd              
Number of securities:                  75,273                                   
Total value:                           R5,838,124.50                            
Class of security:                     Option on ordinary shares                
Nature of interest:                    Indirect/Beneficial                      
Name:                                  Jay Currie                               
Position held:                         Group Commercial Executive               
Company:                               Massmart Holdings Ltd                    
Number of securities:                  39,813                                   
Total value:                           R3,087,870.16                            
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
Name:                                  Pearl Maphoshe                           
Position held:                         Group HR Executive                       
Company:                               Massmart Holdings Ltd                    
Number of securities:                  32,287                                   
Total value:                           R2,504,158.54                            
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
Name:                                  Gareth Owens                             
Position held:                         Divisional CEO - New Formats             
Company:                               Massmart Holdings Ltd                    
Number of securities:                  55,476                                   
Total value:                           R4,302,682.17                            
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
Name:                                  Jan Potgieter                            
Position held:                         Managing Director                        
Company:                               Massdiscounters (Pty) Ltd                
Number of securities:                  43,528                                   
Total value:                           R3,376,003.13                            
Class of security:                     Option on ordinary shares                
Nature of interest:                    Direct/Beneficial                        
Name:                                  Kevin Vyvyan-Day                         
Position held:                         Divisional CEO                           
Company:                               Makro Southern Africa (Pty) Ltd          
Number of securities:                  84,139                                   
Total value:                           R6,525,765.65                            
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
Name:                                  Brian Leroni                             
Position held:                         Group Corporate Affairs Executive        
Company:                               Massmart Holdings Ltd                    
Number of securities:                  29,459                                   
Total value:                           R2,284,820.72                            
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
28 August 2009                                                                  
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/08/2009 14:13:32 Supplied by www.sharenet.co.za                     
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