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)                                  
Company registration No. 1940/014066/06                                         
JSE Code: MSM                                                                   
ISIN: ZAE 0000152617                                                            
("Massmart")                                                                    
Notification of Director`s dealing in Massmart Holdings Limited securities      
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 company of Massmart:                                   
Director:                               Doug Jones                              
Subsidiary:                             Masswarehouse                           
Number of securities:                   2,884                                   
Class of security:                      Ordinary                                
Nature of interest:                     Direct, beneficial                      
Nature of transaction:                  Exercise of Options / Sale of           
                                       shares                                   
Option Strike date:                     24 August 2007                          
Date of transaction:                    30 November 2011                        
Prior authority to transact:            Obtained                                
    i)   Nature of transaction:             Exercise of options                 
No:                                2,884                               
         Vesting Period:                    24 August 2010                      
         Price:                             Weighted Average price: R80.75      
    ii)  Nature of transaction:             Sale of shares                      
No:                                2,884                               
         Price per share:                   R165.00                             
         Total transaction value:           R 475,860.00                        
The transaction set out above was an on-market trade.                           
Johannesburg                                                                    
2 December 2011                                                                 
Sponsor: Deutsche Securities (SA) (Proprietary) Limited                         
Date: 02/12/2011 10:51:00 Supplied by www.sharenet.co.za                     
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