Dealings in securities Massmart Holdings Limited: (Incorporated in the Republic of South Africa) Company registration No. 1940/014066/06 JSE Code: MSM ISIN: ZAE 0000152617 (“Massmart”) Dealings in securities In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings Requirements”), the following information is provided regarding the settlement of awards by The Massmart Holdings Limited 2013 Share Plan (“the Share Plan”) to the under-mentioned directors, as defined in terms of the Listings Requirements. As required in paragraph 3.66 of the Listings Requirements, the necessary authority has been obtained. In terms of The Massmart Holdings Limited 2013 Share Plan, 19 289 Massmart shares were released to GRC Hayward. After selling 8 680 shares to settle the associated tax obligation, Hayward has retained ownership of 10 609 shares. Name and designation of director GRC Hayward, Chief Executive Officer Massmart Holdings Limited Date of award 16 September 2013 Date of vesting 16 September 2016 Nature of transaction Settlement of awards in terms of the Share Plan in off market transactions Number of performance shares settled 16 973 Vesting price per share R126.7273 Total value of performance shares settled R 2 150 942.46 Number of restricted shares settled 2 316 Vesting price per share R126.7273 Total value of restricted shares settled R 293 500.42 Settlement: Transaction One Date of transaction 26 September 2016 Nature of transaction Sale of shares in on market transaction to cover tax obligation and transaction fees Number of shares 8 680 shares Sale price per share R122.6524 Value of sale transaction R 1 064 622.83 Transaction Two Date of transaction 28 September 2016 Nature of transaction 2 Transfer of shares to participant Net shares settled 10 609 shares Price per share R126.7273 Value of net shares settled R 1 344 449.92 Class of securities Ordinary shares Extent of interest Direct, beneficial In terms of The Massmart Holdings Limited 2013 Share Plan, 6107 Massmart shares were released to P Sigsworth. All 6107 shares were sold on behalf of P Sigsworth. Name and designation of director P Sigsworth, Company Secretary (until 19 September 2016) Massmart Holdings Limited Date of award 16 September 2013 Date of vesting 16 September 2016 Nature of transaction Settlement of awards in terms of the Share Plan in off market transactions Number of performance shares settled 5 374 Vesting price per share R126.7273 Total value of performance shares settled R 681 032.51 Number of restricted shares settled 733 Vesting price per share R126.7273 Total value of restricted shares settled R 92 891.11 Settlement: Transaction One Date of transaction 26 September 2016 Nature of transaction Sale of shares in on market transaction Number of shares 6 107 Sale price per share R122.6524 Value of sale transaction R749 038.20 Class of securities Ordinary shares Extent of interest Direct, beneficial In terms of The Massmart Holdings Limited 2013 Share Plan, 4008 Massmart shares were released to J Wilford. All 4008 shares were sold on behalf of J Wilford. Name and designation of director J Wilford, Company Secretary (from 20 September 2016) Massmart Holdings Limited Date of award 16 September 2013 Date of vesting 16 September 2016 Nature of transaction Settlement of awards in terms of the Share Plan in off market transactions Number of performance shares settled 4 008 Vesting price per share R126.7273 Total value of performance shares settled R507 923.01 Settlement: Transaction One Date of transaction 26 September 2016 Nature of transaction Sale of shares in on market transaction Number of shares 4 008 Sale price per share R122.6524 Value of sale transaction R491 590.81 Class of securities Ordinary shares Extent of interest Direct, beneficial In terms of The Massmart Holdings Limited 2013 Share Plan, 803 Massmart shares were released to J Cheadle. All 803 shares were sold on behalf of J Cheadle. Name and designation of director J Cheadle, Company Secretary Masstores (Pty) Limited Date of award 16 September 2013 Date of vesting 16 September 2016 Nature of transaction Settlement of awards in terms of the Share Plan in off market transactions Number of performance shares settled 571 Vesting price per share R126.7273 Total value of performance shares settled R 72 361.28 Number of restricted shares settled 232 Vesting price per share R126.7273 Total value of restricted shares settled R 29 400.73 Settlement: Transaction One Date of transaction 26 September 2016 Nature of transaction Sale of shares in on market transaction Number of shares 803 Sale price per share R122.6524 Value of sale transaction R98 489.87 Class of securities Ordinary shares Extent of interest Direct, beneficial Johannesburg 28 September 2016 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 28/09/2016 05:37:00 Produced by the JSE SENS Department. 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