MASSMART HOLDINGS LIMITED - Trading Statement for the 26 weeks to 23 December 2012

Trading Statement for the 26 weeks to 23 December 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 26 weeks to 23 December 2012

This trading statement is required in terms of paragraph 3.4(b) 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
26 weeks to 23 December 2012 within the ranges shown in the table below.

Headline earnings and HEPS excluding foreign exchange and the direct costs incurred by
Massmart as a result of the Transaction are also shown in the table.

                                            Expected Ranges       Actual           Expected
                                             December 2012    December 2011        % Change
Rm’s
Earnings                                     660.7 – 723.7         893.0        (26.0%) – (19.0%)
Headline earnings                            671.3 – 734.4         895.2        (25.0%) – (18.0%)
Headline earnings before Transaction         882.9 – 944.0         865.9           2.0% – 9.0%
costs and foreign exchange

Cents
Basic EPS                                    307.1 – 336.0         414.9        (26.0%) – (19.0%)
HEPS                                         312.0 – 341.0         416.0        (25.0%) – (18.0%)
HEPS before Transaction costs and foreign    410.4 – 438.3         402.3          2.0% – 9.0%
exchange

In the prior comparative period the Transaction costs primarily relate to integration costs. In
the current year this includes integration costs and an increase of R140m in relation to the
provision for the Supplier Development Fund following the Competition Appeal Court’s ruling
that increased this fund to R240m. Greater detail will be provided with the release of
Massmart’s December 2012 reviewed preliminary financial results on 28 February 2013.

The above information has not been reviewed or reported on by the Company’s auditors.


Johannesburg
18 February 2013

Sponsor: Deutsche Securities (SA) (Proprietary) Ltd

Date: 18/02/2013 05:00:00 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.