Changes to Board Committees Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000152617 (“Massmart" or “the Company") Changes to Board Committees In accordance with paragraph 3.84(d) of the JSE Limited Listings Requirements, shareholders are advised that the following changes have been implemented with effect from 22 May 2013: - The Audit and Risk Committee has been split into two committees. The lead independent director, Mr. C S Seabrooke, will chair both committees. - The membership of the Audit Committee will be the same as the former combined committee as appointed by shareholders at the Annual General Meeting held on 22 May 2013. - In addition to Mr Seabrooke, the following individuals will serve as members of the Risk Committee: two additional non-executive directors (Ms Phumzile Langeni and Dr Nolulamo Gwagwa); the Chief Operating Officer (Mr. GRC Hayward); the Financial Director (Mr. I Zwarenstein); the Head of Internal Audit; Group General Counsel; the Managing Director of one of the Group’s divisions; the Financial Director of another of the Group’s divisions and one Walmart representative. Johannesburg 28 May 2013 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 28/05/2013 02:17:00 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.