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Tue 21 Sep 2004, 16:53 NOTIFICATION OF SUBSIDIARY DIRECTOR"S DEALING IN
MASSMART HOLDINGS LIMITED - NOTIFICATION OF SUBSIDIARY 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 SUBSIDIARY 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 Holdings Limited have taken    
  place by a director of a subsidiary company:                                    
  Director:                     R Wright                                          
  Number of securities:         300,000                                           
  Class of security:            Ordinary                                          
  Nature of interest:           Indirect, beneficial                              
  Nature of transaction:        Sale                                              
  Date:                         20 September 2004                                 
  Price:                        R36.00 per share`                                 
  The required clearance per section 3.66 of the Listings Requirements was        
  obtained.                                                                       
  21 September 2004                                                               
  Johannesburg                                                                    
  Sponsor to Massmart:                                                            
  Deutsche Securities (SA) (Proprietary) Limited                                  
  Date: 21/09/2004 04:51:39 PM Produced by the JSE SENS Department
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