Trading Statement for the 52 weeks to 24 June 2012 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 24 June 2012 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 24 June 2012 within the ranges shown in the table below. Headline earnings and HEPS excluding the direct costs incurred by Massmart as a result of the Walmart transaction are also shown in the table. Expected Ranges Actual Expected June 2012 June 2011 % Change Rm’s Earnings 1 144.7 – 1 203.4 838.7 36.5 – 43.5 Headline earnings 1 186.2 – 1 247.9 881.9 34.5 – 41.5 Headline earnings before Walmart costs 1 356.9 – 1 448.2 1 304.7 4.0 – 11.0 and foreign exchange Cents Basic EPS 530.1 – 558.9 412.1 28.6 – 35.6 HEPS 549.4 – 579.7 433.3 26.8 – 33.8 HEPS before Walmart costs and foreign 641.4 – 679.9 641.4 0.0 – 6.0 exchange The Walmart costs primarily relate to transaction costs incurred in the prior year and integration costs incurred in the current year. Greater detail will be provided with the release of Massmart’s June 2012 reviewed preliminary financial results on 22 August 2012. The above information has not been reviewed or reported on by the Company’s auditors. Johannesburg 7 August 2012 Sponsor: Deutsche Securities (SA) (Proprietary) Ltd Date: 07/08/2012 12:34:00 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.