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: ZAE000152617                                                              
("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:                                   
Subsidiary Director:               Llewellyn Walters                            
Subsidiary:                        Massbuild                                    
Number of securities:              6,649                                        
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Exercise of Options / Sale of shares         
Option Strike date:                27 October 2008                              
Date of transaction:               27 March 2012                                
Prior authority to transact:       Obtained                                     
i)   Nature of transaction:        Exercise of options                          
    No:                           6,649                                         
Vesting Periods:         27 October 2011                               
    Price:                        Weighted Average price: R 72.42               
ii)  Nature of transaction:        Sale of shares                               
    No:                           6,649                                         
Price per share:         R 167.00                                      
         Total transaction value: R 1,110,383.00                                
The transaction set out above was an on-market trade.                           
Shareholding: The shares sold represent 3.42% of Mr Walters`s Massmart          
shareholding comprising direct purchases and/or shares acquired in terms of     
the rules of the Massmart Holdings Limited Employee Share Trusts. After the     
abovementioned sale, Mr Walters still holds 187,909 Massmart shares or          
options.                                                                        
Johannesburg                                                                    
29 March 2012                                                                   
Sponsor: Deutsche Securities (SA) (Proprietary) Limited                         
Date: 29/03/2012 15:10:01 Supplied by www.sharenet.co.za                     
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