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Tue 28 Sep 2004, 12:35 Notification of Director's dealing
Massmart - Notification of Director`s dealing                                   
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 3.66 of the JSE Listings Requirements, the      
following dealings in the securities of Massmart Holdings Limited have taken    
place by a director:                                                            
Director:                          MJ Rubin                                     
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Purchase                                     
Date:                              23 September 2004                            
Number of securities:              217                                          
Price:                             R 37.70 per share                            
Total value of transaction:        R8,180.9                                     
The required clearance per section 3.66 of the Listings Requirements was        
obtained.                                                                       
NOTIFICATION OF SUBSIDIARY DIRECTORS DEALINGS IN MASSMART HOLDINGS LIMITED      
SECURITIES                                                                      
In compliance with rule 3.63 to 3.66 of the JSE Listings Requirements, the      
following dealings in the securities of Massmart Holdings Limited have taken    
place by directors of a subsidiary company:                                     
Director:                     S Glendinning                                     
Name of subsidiary:           Massdiscounters (Pty) Limited                     
Number of securities:         25,000                                            
Class of security:            Ordinary                                          
Nature of interest:           Direct, beneficial                                
Date:                         27 September 2004                                 
Nature of transaction:        Exercise of options                               
Price:                        R12.03 per option                                 
Nature of transaction:        Sale of shares                                    
Price:                        R38.0152 per share                                
Shareholding:                 The shares sold represent 4.77% Mr Glendinning`s  
                              Massmart shares, or options to buy shares, held   
                              in terms of the rules of the Massmart Holdings    
Limited Employee Share Trust                      
Total transaction value:      R950,380.0                                        
Director:                     J Currie                                          
Name of subsidiary:           Massdiscounters (Pty) Limited                     
Number of securities:         50,000                                            
Class of security:            Ordinary                                          
Nature of interest:           Direct, beneficial                                
Date:                         27 September 2004                                 
Nature of transaction:        Exercise of options                               
Number of options:            25,000                                            
Price:                        R12.03 per option                                 
Number of options:            25,000                                            
Price:                        R10.95 per option                                 
Nature of transaction:        Sale of shares                                    
Price:                        R38.0152 per share                                
Shareholding:                 The shares sold represent 24.49% Mr Currie`s      
Massmart shares, or options to buy shares, held   
                              in terms of the rules of the Massmart Holdings    
                              Limited Employee Share Trust                      
Total transaction value:      R1,900,760.0                                      
The required clearance per section 3.66 of the Listings Requirements was        
obtained for both directors.                                                    
28 September 2004                                                               
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/09/2004 12:15:11 PM                   
Produced by the JSE SENS Department
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