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Thu 23 Mar 2006, 14:08 Massmart - Subsidiary Directors dealing in Massmar
MSM
 MSM                                                                             
Massmart - Subsidiary Director"s dealing in Massmart securities                 
Massmart Holdings Limited                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1940/014066/06)                                            
(Share code: MSM)                                                               
(ISIN: ZAE000029534)                                                            
("Massmart" or "the company")                                                   
Notification of Subsidiary Director"s dealing in Massmart                       
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 a subsidiary company:                         
Director:                          Gareth Owens                                 
Subsidiary Company:                Builders Warehouse                           
Number of securities:              245,645                                      
Class of security:                 Ordinary                                     
Nature of interest:                Direct, beneficial                           
Nature of transaction:             Sale                                         
Date:                              22 March 2006                                
1.   Nature of transaction:        Sale of shares                               
     Price:                        R60.0004 per share                           
     Total transaction value:      R14,738,798.25                               
     Shareholding:                 The shares sold represent                    
30,49% of Mr Owens" 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 Owens still holds 560,064                 
shares or options                            
The required clearance per section 3.66 of the JSE Listings                     
Requirements was obtained.                                                      
23 March 2006                                                                   
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 23/03/2006 02:08:30 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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