Sales Update Massmart Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1940/014066/06 Share Code: MSM ISIN Code: ZAE000152617 ("Massmart" or the “Company”) SALES UPDATE Included in the Massmart June 2012 integrated annual report, to be released on Massmart`s website and distributed to shareholders today, are the following paragraphs: "For the 14 weeks to 30 September 2012, total stores’ sales increased by 16.6% and comparable stores’ sales increased by 7.8%, continuing the trends experienced at the close of the last financial period. “With the coming change in Massmart’s financial year-end, the next reporting period will be the 26-week “financial year” to December 2012. Sales and gross margins are expected to grow satisfactorily, although cost pressures will remain. Currently we expect no improvement in the Group’s net trading margin for either the 26-weeks to December 2012 or for the year to December 2013. “Beyond the next 18 months, we believe the Group is well positioned for strong growth, in both sales and profits." The financial information on which this outlook statement is based has not been reviewed or reported on by the Company`s external auditors. 22 October 2012 Johannesburg Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 22/10/2012 05:01:00 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.