Governance

• Governance overview
• The Board
• Board committees
• Remuneration
• Accountability & control
• Corporate Ethics
• Shareholder Relations
• Contact Audit Committee
• Frequently Asked Questions

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• Investor communication
  and relations

Shareholder Relations

We strive to provide useful and frequent disclosure to our shareholders, regardless of how hard this may be in periods of difficulty or underperformance.

Massmart reports formally to shareholders twice a year (in February and August) when its half-year and full-year results, together with a thorough executive overview, are announced and issued to shareholders and the media. On both occasions the Chief Executive Officer, Chief Financial Officer and certain Group executives give presentations to institutional investors, analysts and the media.

Early in January and July, shortly after the conclusion of the half-year and full-year trading periods, on release of the Annual Report and at the Group's annual general meeting in November, Massmart releases sales updates reporting on the Group's year-to-date sales performance. In addition, annually in May, the Group Chief Executive Officer and Chief Financial Officer host a day-long visit by institutional analysts and investors to Massmart stores. A sales update is released along with this visit.

During the year, apart from closed periods, the Chief Executive Officer and Chief Financial Officer together meet regularly with institutional shareholders and, in addition, are available for meetings or conference calls with analysts and any existing or prospective Massmart shareholder.

This website provides financial and business information about the Group and includes electronic copies of all recent formal announcements, public statements and presentations made by Massmart.