Updated dealing in securities by a director and an associate of a 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" or the “Group”) UPDATED DEALING IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR Further to the announcement published on 2 September 2020, the Company restates the announcement with the supplemented information below, now setting out the individual trades as opposed to the aggregated trade: In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the following should be noted in respect of a transactions by an executive director and an associate of a director: Name of director: Mitchell (Mitch) Slape (Chief Executive Officer) Name of Associate: Slape Family Trust Relationship to director: Mitchell Slape is a trustee and beneficiary of the Slape Family Trust (incorporated in the United States of America) Nature of transaction: Purchase of ordinary shares Date of transaction: Friday, August 28, 2020 Weighted Average Price per R26.57 share: High Price: R27.08 Low Price: R25.69 Number of securities: 128 911 (one hundred twenty-eight thousand nine- hundred eleven) ordinary shares Value of transaction: R3,424,954.87 Nature of interest: Indirect beneficial holding Trade: On-market Clearance to deal obtained from Yes Massmart Board Chairman: Name of director: Mitchell (Mitch) Slape (Chief Executive Officer) Name of Associate: Slape Family Trust Relationship to director: Mitchell Slape is a trustee and beneficiary of the Slape Family Trust (incorporated in the United States of America) Nature of transaction: Purchase of ordinary shares Date of transaction: Monday, August 31, 2020 Weighted Average Price per R27.83 share: High Price: R28.75 Low Price: R27.19 170 000 (one hundred seventy thousand) ordinary Number of securities: shares Value of transaction: R4,731,741.83 Nature of interest: Indirect beneficial holding Trade: On-market Clearance to deal obtained from Yes Massmart Board Chairman: Name of director: Mitchell (Mitch) Slape Name of Associate: Slape Family Trust Relationship to director: Mitchell Slape is a trustee and beneficiary of the Slape Family Trust (incorporated in the United States of America) Nature of transaction: Purchase of ordinary shares Date of transaction: Tuesday, September 1, 2020 Price per Share: R27.99 Number of securities: 1 089 (one thousand eighty-nine) ordinary shares Value of transaction: R30,485.77 Nature of interest: Indirect beneficial holding Trade: On-market Clearance to deal obtained from Yes Massmart Board Chairman: 7 September 2020 By order of the Board Sponsor J.P. Morgan Equities South Africa (Pty) Ltd Date: 07-09-2020 05:35:00 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.