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MSM: MASSMART HOLDINGS LIMITED - Notification Of Acceptance Of A Performance Share Award.

Date: 2019/05/06

MSM: MASSMART HOLDINGS LIMITED - Notification of acceptance of a Performance Share Award.
Notification of acceptance of a Performance Share Award.

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 a Performance Share Award 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, a Performance Share
Award in Massmart securities has been offered at R80.9400 being the 10-day weighted average price
immediately prior to the offer date of 12 April 2019. This award was accepted by the Company Secretary,
Mr. Joe Ralebepa in terms of the rules of the Massmart Holdings Limited Employee Share Plan. Performance
Share Awards are offered annually in April and vest on the date as outlined below.

The award was accepted on 2 May 2019 by the aforementioned individual as detailed below:


Name:                                        Joseph Ralebepa
Position held:                               Company Secretary
Company:                                     Massmart Holdings Limited
Nature of Interest:                          Direct/Beneficial
Award of Performance Shares:                 26,176
Total value:                                 R2,118,675
Vesting dates:                               12 April 2022


The above transaction was an off-market trade.

Clearance to accept this Performance Share Award has been given in terms of paragraph 3.66 of the JSE Limited
Listings Requirements.

Johannesburg
6 May 2019

Sponsor: JP Morgan Equities South Africa (Pty) Ltd

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