Trading Statement for the 53 weeks to 29 December 2013 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 53 weeks to 29 December 2013 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 53 weeks to 29 December 2013 within the ranges shown in the table below. Headline earnings and HEPS excluding foreign exchange are also shown in the table. Expected Ranges Actual Expected 53 weeks to 52 weeks to % Change December 2013 December 2012 Rm’s Earnings 1 230.0 - 1 327.2 972.3 26.5% - 36.5% Headline earnings 1 288.9 - 1 391.6 1 027.0 25.5% - 35.5% Headline earnings before foreign exchange 1 229.6 - 1 349.0 1 193.8 3.0% - 13.0% Cents Basic EPS 569.0 - 614.0 449.8 26.5% - 36.5% HEPS 596.4 - 643.9 475.2 25.5% - 35.5% HEPS before foreign exchange 568.9 - 624.1 552.3 3.0% - 13.0% Greater detail will be provided with the release of Massmart’s reviewed preliminary financial results for the 53 weeks ended 29 December 2013 on 27 February 2014. The above information has not been reviewed or reported on by the Company’s external auditors. Johannesburg 19 February 2014 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 19/02/2014 12:25:00 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.