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 Date: 14/01/2016 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.