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Thu 20 Nov 2008, 12:02 MSM - Massmart Holdings - Notification of subsidiary director`s dealings in
MSM
MSM                                                                             
MSM - Massmart Holdings - Notification of subsidiary director`s dealings in     
                        Massmart securities                                     
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
Share code: MSM                                                                 
ISIN: ZAE000029534                                                              
("Massmart" or "the Company")                                                   
Notification of subsidiary director`s dealings in Massmart securities           
In compliance with rule 3.63 to 3.66 of the JSE Limited Listings Requirements,  
the following dealings in the securities of Massmart have taken place by a      
director of a subsidiary of the Company:                                        
Subsidiary director:          Fred Cresswell                                    
Subsidiary:                   Massbuild                                         
Number of securities:         3,424                                             
Class of security:            Ordinary                                          
Nature of interest:           Direct, beneficial                                
Nature of transaction:        Exercise of options / Sale of shares              
Date:                         18 November 2008                                  
Prior authority to transact:  Obtained                                          
i)  Nature of transaction:    Exercise of options                               
   No:                       3,424                                              
   Price:                    Weighted Average price: R18.98                     
ii) Nature of transaction:    Sale of shares                                    
   No:                       3,424                                              
   Price:                    R80.00                                             
   Total transaction value:  R273,920.00                                        
20 November 2008                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 20/11/2008 12:02:01 Produced by the JSE SENS Department.                  
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