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Fri 10 Nov 2006, 15:16 Massmart - Notification of Subsidiary Directors de
MSM
 MSM                                                                             
Massmart - Notification of Subsidiary Director"s dealing in 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 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 the company:                                             
  Director:                        G Lourens                                    
  Subsidiary:                      Masswarehouse                                
  Number of securities:            22,771                                       
Class of security:               Ordinary                                     
  Nature of interest:              Direct,beneficial                            
  Nature of transaction:           Exercise of Options / Sale of shares         
  Date:                            8 November 2006                              
i)   Nature of transaction:      Exercise of options                          
       No:                         7,852                                        
       Price:                      R 13.88 per option                           
  ii)  Nature of transaction:      Exercise of options                          
No:                         2,373                                        
       Price:                      R 29.87 per option                           
  iii) Nature of transaction:      Exercise of options                          
       No:                         6,421                                        
Price:                      R 18.98 per option                           
  iv)  Nature of transaction:      Sale of shares                               
       No:                         22,771                                       
       Price:                      R 61.5061                                    
Total transaction value:    R1,397,272.89                                
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
10 November 2006                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 10/11/2006 03:16:10 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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