MSM - Massmart Holdings Limited - Notification of acceptance of shares by

MSM - Massmart Holdings Limited - Notification of acceptance of shares by       
Executive Committee Members of Massmart Holdings Limited                        
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1940/014066/06                                              
Share code: MSM                                                                 
ISIN: ZAE000029534                                                              
("Massmart")                                                                    
Notification of acceptance of shares by Executive Committee Members of Massmart 
Holdings Limited                                                                
In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, we      
hereby advise that shares in Massmart Holdings securities have been offered to  
Executive Committee Members. These shares were offered on 01 September 2009 at a
strike price of R79.1536 being the 5-day volume weighted average price on 31    
August 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 is 260,447. The acceptance date of the     
shares by the beneficiaries listed below is 26 November 2009. These shares are  
exercisable as to one quarter each in September 2011, September 2012, September 
2013 and in September 2014.                                                     
Executive Committee member:            Jay Currie                               
Number of securities:                  154,669                                  
Total value:                           R 12,242,608.15                          
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
Executive Committee member:            Llewellyn Steeneveldt                    
Number of securities:                  105,778                                  
Total value:                           R 8,372,709.51                           
Class of security:                     Ordinary shares                          
Nature of interest:                    Direct/Beneficial                        
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
27 November 2009                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 27/11/2009 13:44:18 Supplied by www.sharenet.co.za                     
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