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 and 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, 73,912 Massmart shares were released to Mr. JJM van Lierop. Following deduction of the associated tax obligation, Mr. van Lierop had 45,604 shares on hand which he elected to sell. JJM van Lierop, Chief Financial Officer: Massmart Holdings Name and designation of Director Limited Settlement of awards and grants in terms of the Share Plan Nature of transaction Date of award and grant 16 March 2015 Date of vesting 16 March 2018 Number of performance and restricted shares settled 73,912 Vesting price per share 170.26 Total value of performance and restricted R 12,584,493.75 shares settled Date of transactions 27 March 2018 – 04 April 2018 Nature of transactions On-market sale of shares Net shares settled 45,604 Average price per share 161.31 Value of transactions R 7,356,185.14 Johannesburg 13 April 2018 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 13/04/2018 02:32:00 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.