WELCOME TO OUR ONLINE ANNUAL REPORT 2011

• MASSMART AT A GLANCE
  • Financial highlights
  • Our business model
  • Our vision and mission
  • Our investment proposition
  • Corporate accountability synopsis
  • Our shares and shareholder information
  • Group profile
  • Store regional map
  • Executive Directors
  • Non-executive Directors
  • Executive Committee
• REPORTS TO STAKEHOLDERS
  • Chairman's letter to stakeholders
  • Chief Executive Officer's review
  • Chief Financial Officer's review
• TEN-YEAR REVIEW
  • Definitions and formulas
  • Massmart since 1990
  • Ten-year review
• OPERATIONAL REVIEW
  • Massdiscounters divisional review
  • Masswarehouse divisional review
  • Massbuild divisional review
  • Masscash divisional review
  • Channel and Shared Services review
• CORPORATE ACCOUNTABILITY
  • Introduction
  • Engaging with stakeholders
  • Defining sustainability priorities
  • Stakeholder engagement feedback
  • Massmart's progress update
  • Massmart's accountability by the numbers
  • Additional readings
• CORPORATE GOVERNANCE
  • Corporate governance
  • The Board
  • Executive Committee
  • Social and Ethics Committee
  • Audit and Risk Committee
  • Risk
  • Remuneration of directors and executives
  • Compliance, transparency and accountability
  • Investor relations
  • King III question and answer
• ANNUAL FINANCIAL STATEMENTS
  • Approval of the annual financial statements
  • Directors' report
  • Group income statement
  • Group statement of comprehensive income
  • Group statement of financial position
  • Group statement of cash flows
  • Group statement of changes in equity
  • Group notes to the annual financial statements
  • Company income statement
  • Company statement of comprehensive income
  • Company statement of financial position
  • Company statement of cash flows
  • Company statement of changes in equity
  • Company notes to the annual financial statements
• SHAREHOLDER INFORMATION
  • Notice of annual general meeting
  • Form of proxy