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MASSMART HOLDINGS LIMITED - Changes to Board Committees

Release Date: 28/05/2013 14:17
Code(s): MSM     PDF:  
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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

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