MSM - Massmart - Trading Statement for the 52 weeks to 26 June 2011

MSM - Massmart - Trading Statement for the 52 weeks to 26 June 2011             
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number: 1940/014066/06)                                           
Share code: MSM                                                                 
ISIN: ZAE000152617                                                              
("Massmart" or "the Company")                                                   
Trading Statement for the 52 weeks to 26 June 2011                              
This trading statement is required in terms of paragraph 3.4 of the JSE Limited 
Listings Requirements.                                                          
Shareholders are advised that Massmart expects to release reviewed earnings,    
headline earnings, earnings per share (Basic EPS) and headline earnings per     
share (HEPS) for the 52 weeks to 26 June 2011 within the ranges shown in the    
table below (all figures include foreign exchange losses in both periods).      
Headline earnings and HEPS excluding the costs incurred by Massmart as a result 
of the Walmart transaction are also shown in the table.                         
                       Expected Ranges    Actual    Expected                    
                       June 2011          June 2010 % Change                    
                                                                                
Rm`s                                                                            
Earnings                764.7 - 858.8      1 176.4   (27.0) - (35.0)            
Headline earnings       808.5 - 899.6      1 138.7   (21.0) - (29.0)            
Headline earnings       1 207.0 - 1 298.1  1 138.7   6.0 - 14.0                 
before Walmart costs                                                            
                                                                                
Cents                                                                           
Basic EPS               377.1 - 422.1      562.8     (25.0) - (33.0)            
HEPS                    397.0 - 442.4      567.2     (22.0) - (30.0)            
HEPS before Walmart     595.6 - 640.9      567.2     5.0 - 13.0                 
costs                                                                           
The costs associated with the Walmart transaction are primarily those disclosed 
in the Massmart circular to shareholders of 9 December 2010 and the creation of 
the R100 million Supplier Development Fund.  Greater detail will be provided    
with release of Massmart`s reviewed preliminary financial results for the 52    
weeks to 26 June 2011 but many of the costs are not tax deductible and a portion
of these are non-cash items.                                                    
The above information has not been reviewed or reported on by the Company`s     
auditors.                                                                       
Massmart`s reviewed preliminary financial results for the 52 weeks to 26 June   
2011 will be released on 25 August 2011.                                        
Johannesburg                                                                    
25 July 2011                                                                    
Sponsor: Deutsche Securities (SA) (Proprietary) Ltd                             
Date: 25/07/2011 07:30:01 Supplied by www.sharenet.co.za                     
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