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MASSMART HOLDINGS LIMITED - Notification of Acceptance of Restricted Share Grants

Release Date: 03/11/2014 12:38
Code(s): MSM     PDF:  
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Notification of Acceptance of Restricted Share Grants

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 acceptance of Restricted Share Grants by Chief Executive Officer, Company
Secretary of Massmart Holdings Limited and Company Secretary of Masstores (Pty) Ltd

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, we hereby advise
that Restricted Share Grants in Massmart securities have been offered at R128.2748 being the 10-day
weighted average price at the offer date of 15 September 2014 and are accepted by Messrs Guy
Hayward, Philip Sigsworth and Mrs Janis Cheadle in terms of the rules of the Massmart Holdings Limited
Employee Share Plan.

The grants were accepted on 30 October 2014 by the aforementioned individuals as detailed below:-

Name:                            Guy Hayward
Position held:                   Chief Executive Officer
Company:                         Massmart Holdings Limited
Nature of Interest:              Direct/Beneficial
Grant of Restricted Shares:      11,506
Total value:                     R 1,475,929.85
Vesting dates:                   In equal thirds on 15 September 2017, 2018 and 2019

Name:                            Philip Sigsworth
Position held:                   Company Secretary
Company:                         Massmart Holdings Limited
Nature of Interest:              Direct/Beneficial
Grant of Restricted Shares:      2,988
Total value:                     R 383,285.10
Vesting dates:                   In equal thirds on 15 September 2017, 2018 and 2019

Name:                            Janis Cheadle
Position held:                   Company Secretary
Company:                         Masstores (Pty) Limited
Nature of Interest:              Direct/Beneficial
Grant of Restricted Shares:      946
Total value:                     R 121,347.96
Vesting dates:                   In equal thirds on 15 September 2017, 2018 and 2019

The above transactions were off-market trades.

Clearance to accept these grants has been given in terms of section 3.66 of the JSE Limited Listing
Requirements.


Johannesburg
3 November 2014

Sponsor
Deutsche Securities (SA) Proprietary Limited

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