Sales Update for the 52 weeks to 25 December 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 52 weeks to 25 December 2016 Massmart’s total sales for the 52 weeks to 25 December 2016 increased to R91.2 billion, representing a growth of 7.7% over the prior year 52-week period. Comparable store sales increased by 5.4%. Product inflation is estimated at 6.7%. As a general remark on recent trends, there was a slight pick-up in South African sales growth but a continued decline in non-South African sales growth. Total (and comparable) sales growths for each Division for the 52-week period, and product inflation rates, were as follows: - Massdiscounters increased by 5.3% (1.5% comparable) with inflation of 4.8%; - Masswarehouse increased by 11.0% (7.6% comparable) with inflation of 6.5%; - Massbuild increased by 5.6% (1.7% comparable) with inflation of 4.7%; - Masscash increased by 7.5% (7.9% comparable) with inflation of 9.3%. Massmart’s audited financial results for the 52 weeks to 25 December 2016 will be released on the Stock Exchange News Service of the JSE Limited on 23 February 2017. The above information has not been reviewed and reported on by the Company`s external auditors. Johannesburg 16 January 2017 Sponsor: Deutsche Securities (SA) Proprietary Limited Date: 16/01/2017 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.