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Fri 28 Nov 2003, 13:35 NOTIFICATION OF DIRECTORS DEALINGS IN SECURITIES
MASSMART HOLDINGS LIMITED - NOTIFICATION OF DIRECTORS DEALINGS IN SECURITIES    
  Massmart Holdings Limited                                                       
  Registration No. 1940/014066/06                                                 
  JSE Code: MSM                                                                   
  ISIN code ZAE 000029534                                                         
  NOTIFICATION OF DIRECTORS DEALINGS IN SECURITIES                                
  In compliance with rule 3.63 to 3.74 of the JSE Listing Requirements, the       
  following dealings in the securities of Massmart Holdings Limited have taken    
  place by a director of the company:                                             
  Director                  :   GRC Hayward                                       
  Number of securities      :   50,000                                            
  Class of security         :   Ordinary                                          
  Nature of interest        :   Direct, beneficial                                
  Nature of transaction     :   Sale                                              
  Date                      :   27th November 2003                                
  Price                     :   R30.00 per share                                  
  Shareholding              :   The shares sold represent                         
                                4.84% Mr Haywards Massmart shares, or options to  
                                buy shares, held in terms of the rules of the     
  Massmart Holdings Limited Employee Share Trust.   
  Date: 28/11/2003 01:14:02 PM Produced by the JSE SENS Department                
                                                                                  
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