Sales Update for the 26 weeks to 26 June 2016 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 26 weeks to 26 June 2016 Shareholders are advised that Massmart’s total sales for the 26 weeks to 26 June 2016 increased to R42.3 billion, representing growth of 8.7% over the prior year 26 week period, with annual product inflation estimated at 5.8%. Comparable store sales increased by 6.4%. Total (and comparable) sales growth for each Division for the 26-week period, and product inflation rates, were: - Massdiscounters increased by 7.6% (2.4% comparable) with inflation of 4.4%; - Masswarehouse increased by 9.2% (7.2% comparable) with inflation of 5.5%; - Massbuild increased by 5.8% (0.8% comparable) with inflation of 4.0%; and - Masscash increased by 10.3% (10.9% comparable) with inflation of 7.9%. The sales trends commented upon in the Massmart sales update for the 21 weeks to 22 May 2016 remain prevalent, although sales growths in the five-week period since that update were adversely impacted by further weakness in certain African countries’ currencies and disruption to trading during the recent unrest in Tshwane. The former impacted Game and Massbuild, whilst both factors impacted Masscash. Massmart`s reviewed preliminary financial results for the 26 weeks to 26 June 2016 will be released on the Stock Exchange News Service of the JSE Limited on 25 August 2016. The above information has not been reviewed and reported on by the Company`s external auditors. Johannesburg 19 July 2016 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 19/07/2016 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.