MASSMART HOLDINGS LIMITED - Sales Update for the 26 weeks to 26 June 2016

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

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