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Thu 16 Nov 2006, 12:17 Massmart - Subsidiary Directors dealing in Massmar
MSM
 MSM                                                                             
Massmart - 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" 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 a subsidiary company:                                    
Director:                        Chris Nezar                                    
Subsidiary:                      Makro                                          
Number of securities:            37,250                                         
Class of security:               Ordinary                                       
Nature of interest:              Direct, beneficial                             
Nature of transaction:           Exercise of Options / Sale of shares           
Date:                            15 November 2006                               
i)   Nature of transaction:      Exercise of options                            
     No:                         37,250                                         
     Price:                      R10.95 per option                              
ii)  Nature of transaction:      Sale of shares                                 
No:                         37,250                                         
     Price:                      R63.00                                         
     Total transaction value:    R2,346,750.00                                  
The required clearance per section 3.66 of the JSE Listings Requirements was    
obtained.                                                                       
16 November 2006                                                                
Johannesburg                                                                    
Sponsor to Massmart:                                                            
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 16/11/2006 12:17:05 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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