MSM - Massmart Holdings Limited - Notification of director`s dealing in

MSM - Massmart Holdings Limited - Notification of director`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: ZAE000152617                                                              
("Massmart" or the "Company")                                                   
Notification of Director`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 a Director of a subsidiary company of Massmart:                  
Director:                          Jay Currie                                   
Subsidiary:                        Masscash Holdings (Pty) Ltd                  
Number of securities:              70,755                                       
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Exercise of Options / Sale of shares         
Option Strike dates:               23 May 2006, 24 May 2007                     
Date:                              27 September 2011                            
Prior authority to transact:       Obtained                                     
    i)   Nature of transaction:   Exercise of options                           
         No:                      4,123                                         
Vesting Periods:         23 May 2011, 24 May 2011                      
         Price:                   Weighted Average price: R80.02                
    ii)  Nature of transaction:   Sale of shares                                
         No:                      70,755                                        
Price:                   R146.2416                                     
         Total transaction value: R 10,347,324.41                               
    The transaction set out above was an on-market trade                        
Shareholding: The shares sold represent 37.70% of Mr Currie`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 Currie still holds 116,942 Massmart shares or           
options.                                                                        
28 September 2011                                                               
Johannesburg                                                                    
Sponsor: Deutsche Securities (SA) (Proprietary) Limited                         
Date: 28/09/2011 15:47:02 Supplied by www.sharenet.co.za                     
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