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MASSMART HOLDINGS LIMITED - Sales Update for the 44 weeks to 30 October 2016

Release Date: 08/11/2016 07:05
Code(s): MSM     PDF:  
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Sales Update for the 44 weeks to 30 October 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 44 weeks to 30 October 2016

Today Massmart is hosting analysts` store visits in the greater Johannesburg region and is
providing a sales update which is shown below.

Massmart’s total sales for the 44 weeks to 30 October 2016 increased to R73.2 billion,
representing growth of 7.6% over the prior year 44-week period. Comparable stores’ sales
increased by 5.3%. Product inflation is estimated at 6.4%.

Total and comparable sales growths for each Division for the 44-week period were as follows:

   -   Massdiscounters increased by 4.6% (0.5% comparable);

   -   Masswarehouse increased by 10.7% (7.5% comparable);

   -   Massbuild increased by 5.7% (1.1% comparable); and

   -   Masscash increased by 7.9% (8.5% comparable).

Sales growths have declined, reflective of the tough trading conditions in South Africa and, more
recently, in most African countries where we have stores. Although slowing marginally Food
and Liquor sales continued to perform well and Massbuild is showing signs of a sales recovery.
General Merchandise sales remain compromised by low consumer confidence, drought-affected
food inflation and higher-priced imported products.

A short presentation made today by management is available on the Massmart website
(www.massmart.co.za).

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

Johannesburg
08 November 2016

Sponsor: Deutsche Securities (SA) Proprietary Limited

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