Notification of acceptance of Performance Share Awards in terms of the Massmart Holdings Limited Employee Share Plan Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000152617 (Massmart or ‘the Company’) Notification of acceptance of Performance Share Awards in terms of the Massmart Holdings Limited Employee Share Plan In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, we hereby advise that Performance Share Awards in Massmart securities have been offered at R28.4612 being the 10-day weighted average price immediately prior to the offer date of 10 April 2020. These were accepted by Mr. Mohammed Abdool Samad and Ms Nicole Morgan in terms of the rules of the Massmart Holdings Limited Employee Share Plan. Performance Share Awards are offered annually and vest in terms as outlined below. The awards were accepted on 8 June 2020 by the aforementioned individuals as detailed below: Name: Mohammed Abdool Samad Position held: Chief Financial Officer Company: Massmart Holdings Limited Nature of interest: Direct/Beneficial Award of Performance shares: 166,016 Total value: R4,725,015 Vesting date: 10 April 2023 Name: Nicole Morgan Position held: Interim Company Secretary Company: Massmart Holdings Limited Nature of interest: Direct/Beneficial Award of Performance shares: 5,593 Total value: R159,183 Vesting date: 10 April 2023 The above transactions were off-market trades. Clearance to accept these Performance Share Awards has been given in terms of paragraph 3.66 of the JSE Limited Listings Requirements.” Johannesburg 9 June 2020 Sponsor: JP Morgan Equities South Africa (Pty) Ltd Date: 09-06-2020 07:35:00 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.