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Tue 26 Oct 2004, 11:20 NOTIFICATION OF SUBSIDIARY DIRECTOR'S DEALING
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 Listing Requirements, the       
following dealings in the securities of Massmart Holdings Limited have taken    
place by a director of a subsidiary company:                                    
Director :                    SJ Glendinning                                    
Subsidiary :                  Massdiscounters                                   
Number of securities :        75,000                                            
Class of security :           Ordinary                                          
Nature of interest :          Direct, beneficial                                
Nature of transaction :       Sale of shares                                    
Date :                        25 October 2004                                   
Price :                       R42.4267 per share                                
Shareholding :                The shares sold represent 15.04% Mr Glendinning`s 
                              Massmart shareholding comprising direct purchases 
and/or shares acquired in terms of the rules of   
                              the Massmart Holdings Limited Employee Share      
                              Trust.  After the abovementioned sale, Mr         
                              Glendinning still holds 423,578 Massmart shares or
options                                           
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
26 October 2004                                                                 
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 26/10/2004 10:38:01 AM                    
Produced by the JSE SENS Department
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