Notification of dealing in Massmart Holdings Limited securities by the Company Secretary of a major subsidiary Massmart Holdings Limited (Incorporated in the Republic of South Africa) Company registration No. 1940/014066/06 JSE Code: MSM ISIN: ZAE 000152617 (“Massmart”) Notification of dealing in Massmart Holdings Limited securities by the Company Secretary of a major subsidiary In compliance with rule 3.63 to 3.66 of the JSE Limited Listings Requirements, the following dealings in the securities of Massmart have taken place by the Company Secretary of a major subsidiary of Massmart: Company Secretary: Janis Cheadle Major Subsidiary: Masstores (Pty) Ltd Number of securities: 3,201 Class of security: Ordinary Nature of interest: Direct, beneficial Nature of transaction: Exercise of options / Sale of shares Option strike date: 01 October 2009 Date of sale: 20 May 2014 Prior authority to transact: Obtained i) Nature of transaction: Exercise of options No: 3,201 Vesting Period: 01 October 2011 Price: R87.60 ii) Nature of transaction: Sale of shares No: 3,201 Price: R 145.5082 Total transaction value: R 465,771.75 The transaction set out above was an on-market trade. Johannesburg 21 May 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 21/05/2014 03:30:00 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.