Notice of changes to the board directorate 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 In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are advised of the following: Appointment of Chief Financial Officer The Board of Directors of Massmart (the “Board”) is pleased to announce the appointment of Mohammed Abdool-Samad as Chief Financial Officer and Executive Director of the Company with effect from 1 August 2019. Mohammed succeeds Johannes (Hans) van Lierop who in February 2019 indicated that he was not available to extend his tenure with Massmart for personal reasons. Hans will therefore step down as Chief Financial Officer and Executive Director at the end of July 2019 but will remain in Massmart until later in the year in an advisory capacity to support Mohammed through a handover period. Mohammed joins Massmart from Illovo Sugar Limited (“Illovo”) where he was Group Finance Director. Prior to joining Illovo in 2011, Mohammed spent a decade in various executive finance roles within Anglo American plc. Mohammed is a qualified chartered accountant of South Africa (CA (SA)) and holds a Bachelor of Commerce degree from the University of Kwa-Zulu Natal. The Board, Massmart Executive Committee and Management welcome Mohammed to Massmart and wish him all of the very best. 30 April 2019 Sponsor JP Morgan Equities South Africa (Pty) Ltd Date: 30/04/2019 08:20:00 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.