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Fri 3 Sep 2004, 17:03 DIRECTOR"S DEALING
MASSMART - NOTIFICATION OF DIRECTOR`S DEALING IN MASSMART HOLDINGS LIMITED      
           SECURITIES                                                           
MASSMART HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code:MSM))                                                               
(ISIN: ZAE000029534)                                                            
(`Massmart`)                                                                    
NOTIFICATION OF DIRECTOR`S DEALING IN MASSMART HOLDINGS LIMITED SECURITIES      
In compliance with rule 3.63 to 3.74 of the JSE Listings Requirements, the      
following dealings in the securities of Massmart have taken place by a director 
of the company:                                                                 
Director:                     CS Seabrooke                                      
Number of securities:         25,000                                            
Class of security:            Ordinary                                          
Nature of interest:           Indirect, non-beneficial                          
Nature of transaction:        Purchase                                          
Date:                         3 September 2004                                  
Price:                        R 36.4971 per share                               
The required clearance per section 3.66 of the Listings Requirements was        
obtained.                                                                       
3 September 2004                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited
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