Trading Statement for the 26 weeks to 29 June 2014 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 29 June 2014 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 29 June 2014 within the ranges shown in the table below. Headline earnings and HEPS excluding foreign exchange movements are also shown in the table below. Expected Actual Expected % Ranges - June Change June 2014 2013 Rm Earnings 331.6 - 371.9 481.5 (31%) - (23%) Headline earnings 345.7 - 386.1 488.5 (29%) - (21%) Headline earnings before foreign exchange 351.1 - 392.2 392.2 (10%) - 0% Cents Basic EPS 152.9 - 171.4 222.0 (31%) - (23%) HEPS 159.4 - 178.0 225.2 (29%) - (21%) HEPS before foreign exchange 161.8 - 180.8 180.8 (10%) - 0% Greater detail will be provided with the release of Massmart’s reviewed interim financial results on 28 August 2014. The above information has not been reviewed or reported on by the Company’s external auditors. Johannesburg 20 August 2014 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 20/08/2014 09:42:00 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.