Sales Update for the 44 weeks to 2 November 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") Sales Update for the 44 weeks to 2 November 2014 Today Massmart is hosting analysts` store visits in the greater Johannesburg region and is providing the following sales update: * For the 44 weeks to 2 November 2014, Massmart’s total sales increased to R62.5 billion, representing growth of 10.4% over the prior 44-week period, and comparable store sales increased by 7.3%. Product inflation for the period is estimated at 4.9%. * For the same period, Massdiscounters increased total sales by 8.9% (4.1% comparable) with inflation of 3.4%. Total and comparable sales growths in Game SA increased marginally from that reported for the 26-week period ended 29 June 2014 whilst Game Africa slowed slightly. * Masswarehouse increased total sales by 11.5% (10.3% comparable) with inflation of 5.4%. Total sales growth slowed as the stores opened in 2013 annualised. These stores are now included in comparable sales. * Massbuild increased total sales by 14.7% (8.9% comparable) with inflation of 5.9%. * Masscash increased total sales by 8.9% (6.4% comparable) with inflation of 4.9%. Subsequent to the 26-week period ended 29 June 2014, sales growth in Wholesale, both SA and Africa, slowed slightly, whilst picking up in Retail. The above information has not been reviewed and reported on by the Company`s external auditors. Johannesburg 11 November 2014 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 11/11/2014 07:05:00 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.