MSM - Massmart Holdings Limited - Notification of Executive Committee Member`s

MSM - Massmart Holdings Limited - Notification of Executive Committee Member`s  
dealing in Massmart Holdings Limited 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 dealing in Massmart Holdings       
Limited securities                                                              
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 an Executive Committee Member of the Company:                          
Executive Committee Member:   Llewellyn Steeneveldt                             
Number of securities:         38,206                                            
Class of security:            Ordinary                                          
Nature of interest:           Direct, beneficial                                
Nature of transaction:        Exercise of Options/Sale of shares                
Option Strike dates:          23 May 2005, 31 May 2005, 23 May 2006,            
25 August 2006, 23 February 2007, 24 May 2007,     

                             01 April 2008, 26 May 2008                         
Date:                         10 September 2010                                 
Prior authority to transact:  Obtained                                          
i)   Nature of transaction:   Exercise of options                               
    No:                      38,206                                             
    Vesting Periods:         24 May 2009, 23 February 2010, 01 April 2010,      
                             23 May 2010, 24 May 2010, 26 May 2010,             
31 May 2010, 25 August 2010                        

Price:                        Weighted Average price: R75.54                    
ii)  Nature of transaction:   Sale of shares                                    
    No                       38,206                                             
Price:                   R129.1781                                          
    Total transaction value: R 4,935,378.49                                     
The transaction set out above was an on-market trade.                           
Shareholding: The shares sold represent 17.40% of Mr Steeneveldt`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 Steeneveldt still holds 181,369 Massmart shares or      
options.                                                                        
13 September 2010                                                               
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 13/09/2010 15:43:01 Supplied by www.sharenet.co.za                     
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