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, 34 179 Massmart shares were released to GRC Hayward. Following deduction of the associated tax obligation, Hayward has retained ownership of 18 799 shares. Name and designation of director GRC Hayward, Chief Executive Officer Massmart Holdings Limited Date of award 16 March 2014 Date of vesting 16 March 2017 Nature of transaction Settlement of awards in terms of the Share Plan in off market transactions Number of performance shares settled 34 179 Vesting price per share R149.4901 Total value of performance shares settled R 5 109 422.13 Date of transaction 28 March 2017 Nature of transaction Transfer of shares to participant in an off market transaction Net shares settled 18 799 shares Price per share R 149.4901 Value of net shares settled R 2 810 264.39 Class of securities Ordinary shares Extent of interest Direct, beneficial Johannesburg 29 March 2017 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 29/03/2017 10:15:00 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.