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MSM - Massmart - Competition tribunal hearing dates Massmart Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1940/014066/06 Share code: MSM ISIN: ZAE000029534 ("Massmart") Wal-Mart Stores, Inc Incorporated in the State of Delaware United States of America Traded on the New York Stock Exchange under the symbol "WMT" Acting through its indirect wholly-owned subsidiary Main Street 830 (Proprietary) Limited Registration number 2010/016839/07 ("Walmart") COMPETITION TRIBUNAL HEARING DATES 1. Introduction Massmart shareholders ("shareholders") are referred to the joint announcements previously published by Massmart and Walmart as well as the circular to shareholders dated 9 December 2010 regarding Walmart`s offer to acquire 51 Massmart ordinary shares from each Massmart ordinary shareholder (other than the excluded shareholders) for every 100 Massmart ordinary shares held for a cash consideration of R148,00 per ordinary share by way of a scheme of arrangement in terms of section 311 of the Companies Act (Act 61 of 1973), as amended ("the Scheme"). 2. Competition Tribunal hearing dates and revised important dates and times Shareholders are advised that the Competition Tribunal ("the Tribunal"), at a pre-hearing conference held on 18 February 2011, allocated the dates 22 to 24 March 2011 (both inclusive) for the merger hearing ("the Hearing") in relation to the Scheme. The Tribunal will hand down its decision within 10 business days following the conclusion of the Hearing. Assuming the Tribunal either approves the Scheme without conditions, or subject to conditions acceptable to Walmart, and that no other conditions precedent to the Scheme remain unfulfilled or if unfulfilled have been waived at such time, the order of Court sanctioning the Scheme will be registered with the Registrar of Companies ("the Registration") as soon as practical thereafter. Revised important dates and times will be released on SENS and published in the South African press at that time, but it is anticipated that the record date to participate in the Scheme will be approximately two weeks after Registration. Johannesburg 21 February 2011 Sponsor to Massmart Deutsche Securities (SA) (Proprietary) Limited Date: 21/02/2011 15:41:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
