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MSM: MASSMART HOLDINGS LIMITED - Notice of Changes to the Board Directorate and Composition of Massmart Board Committees
Notice of Changes to the Board Directorate and Composition of Massmart Board Committees

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
("Massmart" or the "Company")


NOTICE OF CHANGES TO THE BOARD DIRECTORATE AND COMPOSITION OF MASSMART BOARD
COMMITTEES

BOARD DIRECTORATE

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the Massmart Board is pleased to
inform shareholders that Ms. Olufunke (Funke) Ighodaro has been appointed as a non-executive director of the
Company and a member of the Massmart Audit and Risk Committees with effect from 25 May 2018.

Ms. Ighodaro´s accomplishments as a seasoned corporate executive have seen her play a vital and strategic role
in a number of corporates, where she served and continues to serve in various governance structures. She
currently serves as independent non-executive director and audit committee member of Datatec Limited,
independent non-executive director of the Institute of Chartered Accountants in England and Wales Members´
Advisory Board for Africa, independent non-executive director and chairperson of the audit committee at
Transaction Capital Limited and interim executive director and Chief Financial Officer of Emerging Markets
Telecommunications Services Limited, (formerly Etisalat Nigeria, now trading as 9mobile).

Previously, Ms. Ighodaro held various senior executive roles, including as Chief Financial Officer of Tiger Brands
Limited until 2016, Chief Financial Officer of Primedia Limited until 2011 and executive director of Kagiso Trust
Investments and managing director of its private equity business until 2001.

Ms. Ighodaro holds the degree B.Sc (Hons) from Salford University and is a Fellow of the Institute of Chartered
Accountants in England and Wales.

Ms. Ighodaro brings to Massmart a wealth of experience and expertise earned in various sectors, including FMCG,
corporate finance and investment management, media and telecommunications, and she will be a great addition
to the Massmart Board and its Committees.

MR. CHRIS SEABROOKE

Further to announcements made to shareholders by the Board of Directors of the Company on 04 July 2017 and
13 September 2017, shareholders are hereby informed that Mr. Chris Seabrooke, the current Deputy Chairman
of the Board, the Lead Independent Non-Executive Director and Chairman of the Massmart Audit, Risk and
Remuneration Committees will retire from the Board and its Committees with effect from
30 September 2018.

The Board, Massmart Executive Committee and management would like to extend their appreciation to Mr.
Seabrooke for his significant and immense contribution to the Massmart business over the past 18 years. The
Massmart Board, the Executive Committee and management wish Mr. Seabrooke all of the very best in his future
endeavors.

AUDIT AND RISK COMMITTEES

Ms. Ighodaro will succeed Mr. Chris Seabrooke as the Chairman of the Audit and Risk Committees with effect
from 01 October 2018.

Mr. Kuseni Dlamini, the Chairman of the Massmart Board resigns as an alternate member of the Audit Committee
with effect from 25 May 2018.
REMUNERATION COMMITTEE

Ms Phumzile Langeni, the current Chairman of the Social & Ethics Committee and member of the Nominations
and Remuneration Committees will succeed Mr. Chris Seabrooke as the Chairman of the Remuneration
Committee with effect from 01 October 2018.


25 May 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 25/05/2018 04:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
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MSM: MASSMART HOLDINGS LIMITED - Results of Annual General Meeting
Results of Annual General Meeting

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
("Massmart" or the "Company")


RESULTS OF ANNUAL GENERAL MEETING

Shareholders are advised that at the Massmart annual general meeting held on Thursday, 24 May 2018 at 09h00
("Annual General Meeting"), the shareholders passed all the ordinary and special resolutions, as set out in the notice
of Annual General Meeting dated 29 March 2018, by the requisite majority of votes of shareholders present in
person or represented by proxy.

The total number of shares present/represented, including proxies, at the Annual General Meeting was 90.70% of
Massmart´s issued share capital as at Friday, 18 May 2018, being the Voting Record Date.

The voting results were as follows:
                                                                                                            SHARES
                                                               TOTAL SHARES VOTED
                                                                                                           ABSTAINED
                                                   FOR      AGAINST
                                                                             NUMBER              %*              %*
  RESOLUTION                                       (%)        (%)
  Ordinary resolution number 1
  Election of Ms Susan Muigai to the Board       98,55      1,45         196,954,925                          0,013%
  of Directors                                                                               90,69%
  Ordinary resolution number 2
  Election of Mr Roger Burnley to the Board      98,51      1,49         196,954,925         90,69%           0,013%
  of Directors
  Ordinary resolution number 3
  Re-election of Mr Chris Seabrooke to the       89,88      10,12        196,954,925         90,69%           0,013%
  Board of Directors
  Ordinary resolution number 4
  Re-election of Mr Guy Hayward to the           99,08      0,92         196,871,927         90,65%           0,051%
  Board of Directors
  Ordinary resolution number 5
  Election of Ernst & Young Inc. (with Mr        99,91      0,09         196,955,403         90,69%           0,013%
  Roger Hillen as the audit partner) as the
  Company´s external auditors
  Ordinary resolution number 6
  Appointment of the Audit Committee
  members
  6.1 Mr Chris Seabrooke (Chairman)              91,21      8,79         196,954,925         90,69%            0,013%

  6.2 Dr Lulu Gwagwa                             99,63      0,37         196,954,925         90,69%            0,013%
  6.3 Ms Phumzile Langeni
                                                 91,88      8,12         196,954,925         90,69%            0,013%
   Ordinary resolution number 7
   Authorisation for the Directors to issue      98,24      1,76         196,955,262         90,69%            0,013%
   ordinary shares for cash, not exceeding
   5% of the shares in issue
   Ordinary resolution number 8
   Endorsement of the Company´s                  92,43      7,57         196,955,007         90,69%            0,013%
   remuneration policy
   Ordinary resolution number 9
   Endorsement of the Company´s                  92,84      7,16         196,955,007         90,69%            0,013%
   remuneration implementation report
   Special resolution number 1
   Authorisation for the Company and/or its      98,78      1,22         196,605,139         90,53%            0,17%
   subsidiaries to repurchase its own shares
   Special resolution number 2
   Approval of the non-Executive Directors´
   remuneration
   2.1 Chairman of the Board                     99,98      0,02         196,955,262         90,69%            0,013%
   2.2 Deputy Chairman of the Board              99,98      0,02         196,955,262         90,69%            0,013%

   2.3 Independent non-Executive Directors       99,98      0,02         196,955,262         90,69%            0,013%

   2.4 Audit Committee Chairman                  99,98      0,02         196,955,262         90,69%            0,013%
   2.5 Risk Committee Chairman                   99,98      0,02         196,955,262         90,69%            0,013%

   2.6 Remuneration Committee Chairman           99,98      0,02         196,955,262         90,69%            0,013%

   2.7 Nomination and Social and Ethics
                                                 99,98      0,02         196,955,262         90,69%            0,013%
   Committee Chairmen
   2.8 Audit Committee Member                    99,98      0,02         196,955,262         90,69%            0,013%

   2.9 Other Board Committee Members             99,98      0,02         196,955,262         90,69%            0,013%

   Special resolution number 3
   Authorisation to provide financial            99,95      0,05         196,956,265         90,69%            0,012%
   assistance

*Expressed as a percentage of a total of 217,177,130 Massmart ordinary shares in issue as at the Voting Record
Date.

Johannesburg
24 May 2018


Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 24/05/2018 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
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MSM: MASSMART HOLDINGS LIMITED - CEO´s AGM Statement and Trading Statement for the six months period ended 30 June 2018
CEO´s AGM Statement and Trading Statement for the six months period ended 30 June 2018

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 000152617
("Massmart", "Company" or the "Group")

CEO´S AGM STATEMENT AND TRADING STATEMENT FOR THE SIX MONTHS PERIOD
ENDED 30 JUNE 2018


CEO´s AGM STATEMENT

Herewith a brief sales and business update for the Group.

Earlier this year, following the release of Massmart´s 2017 annual results, we reported that the
Group was experiencing soft sales in the period from Christmas 2017. We were hopeful however
that sales momentum would improve during the 2018 financial year buoyed by the political and
economic optimism prevalent in South Africa at that time. Whilst the positive impact of South
Africa´s political renewal has been good for business confidence, there is little sign currently of
any economic recovery amongst our lower and middle income consumers.

With the impact of Easter having been annualised, the current sales trends for 2018 are now
clearer.

For the first 19 weeks of the 2018 financial year, Massmart´s sales of R31.4bn represented total
growth of 0.8% and comparable sales growth -0.5%, with year-to-date product deflation of 0.8%.
Total sales growth from our South African (SA) stores was 0.8%, while the same figure from our
ex-SA stores was -0.1%. We remind the investment community that with the adoption of IFRS
15 Massmart will no longer be including Shield´s sales with the Group figures. This will not impact
profits. The figures disclosed in this announcement however, do not reflect this change, i.e.
Shield´s figures are included here.

For the 19-week period, Group sales growth in Food was -2.3%, Liquor 6.9%, Durable Goods
0.2% and Home Improvement was 6.1%. The Group´s Food sales growths, especially in our
wholesale channels, continue to be adversely impacted by deflation in commodities, now
including sugar given the recent price decreases announced by that industry. Similarly, we are
seeing deflation in Durable Goods which however is not attracting more customer spending
because of the adverse socio-economic pressures experienced by lower- and middle-income
consumers who prioritise their spending on food, clothing and transport. There has been a slight
weakening of sales since early April which we attribute mainly to the 8.8% petrol price increases
since March `18 and partially to the VAT increase.

Massdiscounters´ total sales growth was -6.2% and comparable sales growth -5.5%, with product
deflation of 5.0%. The sales weakness is broad but our market-shares in core categories are
unchanged. Rand sales growth from our ex-SA stores is slightly negative. On a constant currency
basis this sales growth is slightly positive, despite sales weakness in Nigeria and Mozambique.

Masswarehouse´s total and comparable sales growths were 5.6% and 3.7% respectively, with
product deflation of 0.8%. Due to deflation in commodities, Food sales growth is lower than that
for Liquor and Durables.

                                                                                                 1
Massbuild´s total sales growth was 6.1% and comparable sales growth 4.4%, with product
inflation of 2.1%. In our South African stores the growth of contractors´ sales is higher than 6.1%
whilst growth in sales to our retail customers is lower, suggesting that some economic pressure
is still being felt by upper-income customers. Online sales growth is up significantly. Total Rand
sales growth in our ex-SA stores is 6.1%.

In Masscash, total sales growth was -0.8% and comparable sales growth -2.9%, with inflation of
0.5%. Our Wholesale stores were affected by the ongoing deflation (averaging 7%) in
commodities which represent almost 20% of sales. In our Retail stores, total sales growth was
3.7%. Although it is difficult to be precise, we estimate that the listeria crisis may have adversely
affected our Retail sales by about 1%.

The Group´s year-to-date online sales are up 66% compared to the prior period.

In late February ´18 we announced internally the decision to relocate major sections of the Game
head office from Durban to Johannesburg later this year and to embark upon a formal
organisational restructure under s189 of the Labour Relations Act (LRA). The direct costs of
these two initiatives are estimated at R116m of which R81m will be accrued in the first-half of this
financial year. In terms of the LRA the s189 process required a 60-day consultation process
which ended recently but in the meantime caused significant distraction for management and
staff. Despite continued effective cost-management by Massdiscounters, the current sales
weakness will likely cause this Division to report an estimated EBIT loss of R150m to R170m for
the six months to June ´18 before taking the restructure costs into account. This restructure will
produce estimated annual savings of R30m in a full financial year.

In Masscash we announced a similar office relocation and organisational restructure under s189.
The direct costs of these two are estimated at R50m of which R31m will be accrued in the first-
half of this financial year. As with Massdiscounters, this development caused distraction for
management and staff, and so this Division is likely to report a small financial loss at the EBIT-
level for the six months to June ´18 before taking the restructure costs into account. This
restructure will produce estimated annual savings of R22m in a full financial year.

It is estimated with reasonable certainty that for the six-month period to June ´18 the Group´s
EBIT, before taking the restructure costs into account, will be approximately 25% to 35% below
the equivalent figure to June ´17 (being R825m which has been restated due to Massmart
changing the basis of accounting for rebates in the prior year).

Looking further ahead, it is difficult to predict usefully the sales performance for the remainder of
the financial year but assuming it improves slightly then it is estimated that the Group´s EBIT for
the year to December ´18 will be at a similar level as the prior year (on a 52-week basis) before
accounting for the restructure costs. We anticipate that the remaining 2018 sales environment
may improve as commodities´ deflation abates and the impact of recent real wages increases
filters into the South African economy.

The above information has not been reviewed and reported on by the Company´s external
auditors.




                                                                                                   2
TRADING STATEMENT FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2018

In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company
is required to publish a trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the next period to be reported on are likely to vary by
at least 20% from the previous corresponding period.

As referred to in the CEO´s AGM statement above, as a result of the actual and forecast sales for
the six-month period and the R112m of one-off restructure costs to be incurred in the same period,
shareholders are advised that Massmart expects, with reasonable certainty, the following financial
results:

Excluding the restructure costs:
                                       Forecast      Actual Restated*           Expected
                                     June 2018         June 2017                % change
Headline earnings (Rm)             196.9 - 233.4            364.7         -36.0% to -46.0%
HEPS (cents)                        91.0 - 107.8            168.5         -36.0% to -46.0%
Earnings (Rm)                      195.7 - 232.7            369.3         -37.0% to -47.0%
Basic EPS (cents)                   90.4 - 107.5            170.6         -37.0% to -47.0%
Including the restructure costs:
                                       Forecast      Actual Restated*           Expected
                                     June 2018          June 2017               % change
Headline earnings (Rm)             116.7 - 153.2             364.7        -58.0% to -68.0%
HEPS (cents)                         53.9 - 70.8             168.5        -58.0% to -68.0%
Earnings (Rm)                      114.5 - 151.4             369.3        -59.0% to -69.0%
Basic EPS (cents)                    52.9 - 69.9             170.6        -59.0% to -69.0%

*Restated due to Massmart changing the basis of accounting for rebates for the prior year.

Massmart´s financial results for the six months to June 2018 will be released on the Stock
Exchange News Service of the JSE Limited on 23 August 2018.

The above information has not been reviewed and reported on by the Company`s external
auditors.



Johannesburg
24 May 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited




                                                                                                     3

Date: 24/05/2018 09:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
" } [3]=> array(7) { ["content"]=> string(5) " " ["ID"]=> string(36) "ba96352c-3653-49e6-ab68-25c451cb6ee3" ["CID"]=> string(36) "ba96352c-3653-49e6-ab68-25c451cb6ee3" ["HEADLINE"]=> string(79) "MSM: MASSMART HOLDINGS LIMITED - Sales Update for the 12 Weeks to 25 March 2018" ["DATE"]=> string(10) "2018/04/18" ["SOURCE"]=> string(23) "JSE News Service (SENS)" ["BODY"]=> string(2805) "
MSM: MASSMART HOLDINGS LIMITED - Sales Update for the 12 Weeks to 25 March 2018
Sales Update for the 12 Weeks to 25 March 2018

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
(`Massmart´, `the Company´ or `the Group´)

SALES UPDATE FOR THE 12 WEEKS TO 25 MARCH 2018

Included within the Massmart Integrated Annual Report for the year ended 31 December 2017
released today on the Massmart website is the following outlook paragraph:

`The Group´s sales performance for the first 12 weeks of 2018 has been soft which is a trend
noted by other participants in South African retail. Total sales growth is slightly positive while
comparable sales growth is slightly negative, with product deflation of -0.4%. Sales growths in
Rands from our stores outside South Africa are at similar levels as these Group figures. Food
sales growth remains low due to ongoing deflation in commodities, which should move into
inflation from April/May 2018. As noted in the CFO letter, this year Massmart is adopting IFRS 15
which will impact our reported sales for this 2018 financial year and beyond. The growth trends
referred to above are however reported on the same basis as last year. Notwithstanding the soft
start to 2018, we are hopeful that the 2018 sales environment will improve as various positive
factors (the stronger Rand, low inflation and lower interest rates) lift consumer sentiment and
spending. Whilst South Africa´s new political leadership and direction will, in the short to medium
term, undoubtedly improve many economic factors, the structural, policy and public sector
impediments remain long-term challenges. This is undoubtedly South Africa´s best shot in recent
memory at reinvigorating our own social, economic and political progress and prowess, and
restoring our place as a key actor on the African continent. We are an excited and proud South
African company.´

The above information has not been reviewed and reported on by the Company`s external
auditors.

Johannesburg
18 April 2018

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 18/04/2018 04:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
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MSM: MASSMART HOLDINGS LIMITED - Broad-Based Black Economic Empowerment Annual Compliance Report
Broad-Based Black Economic Empowerment Annual Compliance Report

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company")

BROAD BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) ANNUAL COMPLIANCE
REPORT

Notice is hereby given that the Massmart´s BEE Annual Compliance Report required to be
published in terms of section 13G(2) of the Broad-Based Black Economic Empowerment Act 53
of 2003, as amended (the "B-BBEE Act") and paragraph 16.21(g) and Appendix 1 to Section 11
of the JSE Limited Listings Requirements is available on the Company´s website:
www.massmart.co.za.


18 April 2018
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 18/04/2018 04:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
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MSM: MASSMART HOLDINGS LIMITED - Integrated Annual Report and Notice of Annual General Meeting
Integrated Annual Report and Notice of Annual General Meeting

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company")

INTEGRATED ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING

Massmart shareholders are advised that the Integrated Annual Report of the Company for the year ended
December 2017 (`Integrated Annual Report´), which incorporates the audited summary consolidated Annual
Financial Statements and the notice of the Annual General Meeting, has been distributed to Massmart
shareholders today, 18 April 2018. The Integrated Annual Report and the full set of the audited consolidated
Group Annual Financial Statements are also available on Massmart´s website (www.massmart.co.za).

The audited consolidated Group Annual Financial Statements contain no changes to the reviewed
consolidated results for the 53 weeks ended 31 December 2017 released on the Stock Exchange News
Service on 22 February 2018. The annual financial statements are audited by Ernst & Young Inc. whose
unmodified report is available for inspection at the registered office of the Company.

Notice is hereby given that the Annual General Meeting of holders of all classes of shares of the Company
will be held on Thursday, 24 May 2018 at 09h00 at Massmart House, 16 Peltier Drive, Sunninghill Ext 6,
Sandton.

The Board of Directors of the Company has determined, in accordance with section 59 of the Companies
Act no 71 of 2008, as amended, that the respective record dates for shareholders to be recorded as
shareholders in the securities register of the Company in order to: (i) be entitled to receive the notice of
Annual General Meeting is Friday, 6 April 2018, and (ii) be entitled to attend, participate and vote at the
Annual General Meeting is Friday, 18 May 2018. The last date to trade to be entitled to attend, participate
and vote at the Annual General Meeting is Tuesday, 15 May 2018.


18 April 2018
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 18/04/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
" } [6]=> array(7) { ["content"]=> string(5) " " ["ID"]=> string(36) "b914bd62-8257-4a6f-8299-3daf371e04af" ["CID"]=> string(36) "b914bd62-8257-4a6f-8299-3daf371e04af" ["HEADLINE"]=> string(55) "MSM: MASSMART HOLDINGS LIMITED - Dealings in Securities" ["DATE"]=> string(10) "2018/04/16" ["SOURCE"]=> string(23) "JSE News Service (SENS)" ["BODY"]=> string(2594) "
MSM: MASSMART HOLDINGS LIMITED - Dealings in Securities
Dealings in Securities

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
("Massmart")


Dealings in securities

Shareholders are referred to the director´s dealing announcement dated 13 April 2018. In compliance with
paragraph 3.63(b)(iv) of the JSE Limited Listings Requirements, the following additional information regarding
the highest and lowest prices is provided below:

                                                  JJM van Lierop, Chief Financial Officer: Massmart Holdings
  Name and designation of Director
                                                  Limited

                                                  Settlement of awards and grants in terms of the Share
  Nature of transaction
                                                  Plan

  Date of award and grant                         16 March 2015

  Date of vesting                                 16 March 2018

  Number of performance and restricted
  shares settled                                  73,912

  Vesting price per share
                                                  170.26

  Total value of performance and restricted
                                                  R 12,584,493.75
  shares settled



  Date of transactions                            27 March 2018 - 04 April 2018

  Nature of transactions                          On-market sale of shares

  Net shares settled
                                                  45,604

  Highest price                                   R163.34

  Lowest price                                    R152.64

  Average price per share
                                                  R161.31

  Value of transactions                           R 7,356,185.14


Johannesburg
16 April 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 16/04/2018 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
" } [7]=> array(7) { ["content"]=> string(5) " " ["ID"]=> string(36) "1f1a886c-3c3e-4b73-a989-5c5571e52e1d" ["CID"]=> string(36) "1f1a886c-3c3e-4b73-a989-5c5571e52e1d" ["HEADLINE"]=> string(55) "MSM: MASSMART HOLDINGS LIMITED - Dealings in securities" ["DATE"]=> string(10) "2018/04/13" ["SOURCE"]=> string(23) "JSE News Service (SENS)" ["BODY"]=> string(2960) "
MSM: MASSMART HOLDINGS LIMITED - Dealings in securities
Dealings in securities

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
("Massmart")


Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements ("Listings Requirements"),
the following information is provided regarding the settlement of awards and grants by The Massmart Holdings
Limited 2013 Share Plan ("the Share Plan") to the under-mentioned Director, as defined in terms of the Listings
Requirements. As required in paragraph 3.66 of the Listings Requirements, the necessary authority has been
obtained. In terms of The Massmart Holdings Limited 2013 Share Plan, 73,912 Massmart shares were released
to Mr. JJM van Lierop. Following deduction of the associated tax obligation, Mr. van Lierop had 45,604 shares
on hand which he elected to sell.

                                                  JJM van Lierop, Chief Financial Officer: Massmart Holdings
  Name and designation of Director
                                                                                                      Limited

                                                  Settlement of awards and grants in terms of the Share Plan
  Nature of transaction
                                                       
  Date of award and grant                         16 March 2015

  Date of vesting                                 16 March 2018

  Number of performance and restricted
  shares settled                                  73,912

  Vesting price per share
                                                  170.26

  Total value of performance and restricted
                                                  R 12,584,493.75
  shares settled



  Date of transactions                             27 March 2018 - 04 April 2018

  Nature of transactions                           On-market sale of shares

  Net shares settled
                                                   45,604

  Average price per share
                                                   161.31

  Value of transactions                            R 7,356,185.14


Johannesburg
13 April 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 13/04/2018 02:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
" } [8]=> array(7) { ["content"]=> string(5) " " ["ID"]=> string(36) "b2a570c8-b1e7-4186-a1f7-47406863aa06" ["CID"]=> string(36) "b2a570c8-b1e7-4186-a1f7-47406863aa06" ["HEADLINE"]=> string(55) "MSM: MASSMART HOLDINGS LIMITED - Dealings in Securities" ["DATE"]=> string(10) "2018/03/29" ["SOURCE"]=> string(23) "JSE News Service (SENS)" ["BODY"]=> string(3190) "
MSM: MASSMART HOLDINGS LIMITED - Dealings in Securities
Dealings in Securities

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
("Massmart")

Dealings in securities 

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements
("Listings Requirements"), the following information is provided regarding the settlement of
grants by The Massmart Holdings Limited 2013 Share Plan ("the Share Plan") to the under-
mentioned Director, as defined in terms of the Listings Requirements. As required in
paragraph 3.66 of the Listings Requirements, the necessary authority has been obtained. In
terms of The Massmart Holdings Limited 2013 Share Plan, 25,430 Massmart shares were
released to GRC Hayward. Following deduction of the associated tax obligation, Mr. Hayward
has retained ownership of 13,983 shares.

                                              GRC Hayward, Chief Executive Officer:
  Name and designation of Director
                                                          Massmart Holdings Limited

                                               Settlement of grants in terms of the
  Nature of transaction
                                              Share Plan in off market transactions

  Date of grant                                                       16 March 2015

  Date of vesting                                                     16 March 2018

  Number of performance shares settled
                                                                            25,430

  Vesting price per share
                                                                            170.26

  Total value of performance shares settled                         R 4,329,793.21



  Date of transaction                                                29 March 2018

                                           Transfer of shares to participant in an
  Nature of transaction
                                                            off market transaction

  Net shares settled
                                                                            13,983

  Price per share
                                                                            170.26

  Value of net shares settled                                       R 2,380,790.35

  Class of securities                                              Ordinary shares


Johannesburg
29 March 2018


Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 29/03/2018 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
" } [9]=> array(7) { ["content"]=> string(5) " " ["ID"]=> string(36) "8aa83799-b7be-4aec-ad7d-1182dd6c733e" ["CID"]=> string(36) "8aa83799-b7be-4aec-ad7d-1182dd6c733e" ["HEADLINE"]=> string(131) "MSM: MASSMART HOLDINGS LIMITED - Trading of Massmart ordinary shares on behalf of the Massmart Share Trust and Share Incentive Plan" ["DATE"]=> string(10) "2018/03/15" ["SOURCE"]=> string(23) "JSE News Service (SENS)" ["BODY"]=> string(2121) "
MSM: MASSMART HOLDINGS LIMITED - Trading of Massmart ordinary shares on behalf of the Massmart Share Trust and Share Incentive Plan
Trading of Massmart ordinary shares on behalf of the Massmart Share Trust and Share Incentive Plan

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE 0000152617
("Massmart")


Trading of Massmart ordinary shares on behalf of the Massmart Share Trust and Share Incentive Plan

The Massmart Holdings Limited Employee Share Trust ("Massmart Share Trust") purchased Massmart ordinary
shares through on-market trades to fulfil its obligations towards participants of the Massmart Share Trust and
Share Incentive Plan (SIP). The details are as follows:

Trade date:                       13 March 2018
Number of shares:                 92,145
Price per share:                  R172.3169
Value of transaction:             R15,878,140.75

Trade date:                       13 March 2018
Number of shares:                 27,855
Price per share:                  R171.6825
Value of transaction:             R4,782,216.04

Trade date:                       14 March 2018
Number of shares:                 41,725
Price per share:                  R164.9709
Value of transaction:             R6,883,410.80

Clearance has been obtained in terms of the JSE Limited Listings Requirements.


Johannesburg
15 March 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 15/03/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
" } } } }
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