MASSMART HOLDINGS LIMITED - Sales Update for the 52 weeks to 27 December 2015

Sales Update for the 52 weeks to 27 December 2015

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 52 weeks to 27 December 2015

Shareholders are advised that Massmart’s total sales for the 52 weeks to 27 December 2015
increased to R84.7 billion, representing growth of 8.4% over the prior 52 week period, with
annual product inflation estimated at 3.0%. Comparable store sales increased by 6.7%.

Total (and comparable) sales growth for each Division for the 52-week period, and product
inflation rates, were as follows:


   -   Massdiscounters increased by 8.7% (3.9% comparable) with inflation of 1.7%;

   -   Masswarehouse increased by 9.8% (9.8%) with inflation of 3.4%;

   -   Massbuild increased by 11.0% (7.4%) with inflation of 3.8%; and

   -   Masscash increased by 6.1% (5.8%) with inflation of 2.9%.

Massmart`s preliminary reviewed financial results for the 52 weeks to 27 December 2015 will be
released on the Stock Exchange News Service of the JSE Limited on 25 February 2016.

The above information has not been reviewed and reported on by the Company`s external
auditors.

Johannesburg
14 January 2016

Sponsor: Deutsche Securities (SA) Proprietary Limited

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