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 grants by The Massmart Holdings Limited 2013 Share Plan (“the Share Plan”) to the under-mentioned Director, 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, 6,150 Massmart shares were released to GRC Hayward. Following deduction of the associated tax obligation, Mr Hayward has retained ownership of 3,381 shares. Name and designation of Director GRC Hayward, Chief Executive Officer: Massmart Holdings Limited Nature of transaction Settlement of grants in terms of the Share Plan in off market transactions Date of grant 15-Sep-14 16-Sep-13 Date of vesting 15-Sep-17 16-Sep-17 Number of restricted shares settled 3,834 2,316 Vesting price per share 120.03 118.65 Total value of restricted shares settled R460,195.02 R274,793.40 Date of transaction 11-Oct-17 Nature of transaction Transfer of shares to participant in an off market transaction Net shares settled 2,108 1,273 Price per share 120.03 118.65 Value of net shares settled R253,023.24 R151,041.45 Class of securities Ordinary shares Ordinary shares Extent of interest Direct, beneficial Direct, beneficial Johannesburg 11 October 2017 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 11/10/2017 04:47:00 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.