MASSMART HOLDINGS LIMITED - Change to the Board of Directors: Retirement of an Independent Non-Executive Director

Change to the Board of Directors: Retirement of an Independent Non-Executive Director

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
("Massmart" or the “Company”)

CHANGE TO THE BOARD OF DIRECTORS

Retirement of an independent non-executive director

In compliance with paragraph 3.59 of the JSE Limited Listings
Requirements, shareholders are advised that Mr Chris Seabrooke will
retire from the Massmart Board of Directors (the “Board”) as an
independent non-executive director, the Deputy Chairman, Chairman of
the Remuneration Committee and member of the Nomination Committee with
effect from 31 December 2017.

Mr Seabrooke was appointed to the Board on 01 February 2000 and during
his tenure as a non-executive director held positions as the Chairman
of the Board, the Chairman and member of the Audit Committee; Chairman
and member of the Risk Committee.

Mr Seabrooke’s experience and contribution to Board and Committee
discussions and debates ranging from finance, accounting and corporate
governance and his broad business experience made him a valuable
member of the Board.

The Board, Massmart Executive Committee and management would like to
thank Mr Seabrooke for his significant contribution to the Massmart
business over the past 17 years.

The Board has commenced its search for a replacement non-executive
director and will notify shareholders once a suitable candidate has
been appointed.


04 July 2017


Sponsor
Deutsche Securities (SA) Proprietary Limited

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