MSM - Massmart Holdings Limited - Notification of dealings in securities of

MSM - Massmart Holdings Limited - Notification of dealings in securities of     
Massmart by a director of a major subsidiary                                    
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 dealings in securities of Massmart by a director of a major     
subsidiary                                                                      
In compliance with rule 3.63 to 3.66 of the JSE Listings Requirements, the      
following dealings in the securities of Massmart have taken place by a director 
of a subsidiary of the Company:                                                 
In compliance with rule 3.63 to 3.66 of the JSE Listing Requirements, the       
following dealings in the securities of Massmart Holdings Limited have taken    
place by a subsidiary director of the company:                                  
Subsidiary director:            Gerhardus Lourens                               
Subsidiary:                     Masswarehouse                                   
Number of securities:           17,639                                          
Class of security:              Ordinary                                        
Nature of interest:             Direct, beneficial                              
Nature of transaction:          Exercise of options / Sale of shares            
Option Strike dates:            23 May 2005, 23 May 2006, 24 May 2007,          
26 May 2008                                      

Date:                           26 May 2010                                     
Prior authority to transact:    Obtained                                        
i) Nature of transaction:       Exercise of options                             
No:                          17,639                                           
  Vesting Periods:             23 May 2010, 24 May 2010, 26 May 2010            
  Price:                       Weighted Average price: R73.26                   
ii)Nature of transaction:       Sale of shares                                  
No:                          17,639                                           
  Price:                       R112.5190                                        
  Total transaction value:     R 1,984,722.64                                   
The transaction set out above was an on-market trade.                           
28 May 2010                                                                     
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/05/2010 11:48:01 Supplied by www.sharenet.co.za                     
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