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Fri 17 Nov 2006, 12:14 Massmart - Notification of subsidiary directors de
MSM
 MSM                                                                             
     Massmart - 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" 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:             23,025                                   
     Class of security:                Ordinary                                 
     Nature of interest:               Direct, beneficial                       
     Nature of transaction:            Exercise of Options / Sale of shares     
Date:                             16 November 2006                         
     i)    Nature of transaction:      Exercise of options                      
           No:                         23,025                                   
           Price:                      R13.88 per option                        
ii)   Nature of transaction:      Sale of shares                           
           No:                         23,025                                   
           Price:                      R63.0202                                 
           Total transaction value:    R1,451,040.11                            
The required clearance per section 3.66 of the JSE Listings Requirements   
     was obtained.                                                              
     17 November 2006                                                           
     Johannesburg                                                               
Sponsor to Massmart:                                                       
     Deutsche Securities (SA) (Proprietary) Limited                             
Date: 17/11/2006 12:14:04 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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