2018/11/01, 08:05:00
Johannesburg Stock Exchange - SENS NEWS DELAYED
Voluntary Disclosure of disposal of beneficial interests in securities

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
ISIN: ZAE 000152617
("Massmart" or the “Company”)

Voluntary Disclosure of disposal of beneficial interests in securities

Massmart shareholders are advised that between December 2017 and September 2018, the
Company received Takeover Regulation Panel 121.1 notifications from the aggregate of Standard Life
Aberdeen plc affiliated investment management entities on behalf of multiple managed portfolios
(“the Standard Life Aberdeen group”) that the Standard Life Aberdeen group have disposed in
aggregate in excess of a multiple of 5% of their total securities held in Massmart.
As at 30 October 2018, the aggregated beneficial interest of the Standard Life Aberdeen group in
Massmart is 14.37%.

Shareholders are advised that this is a voluntary announcement as the disposal that breached the
15% beneficial interest threshold was less than 1% (in compliance with paragraph 3.83(b) of the JSE
Limited Listings Requirements and section 122(3)(b) of the Companies Act, No 71 of 2008).

1 November 2018

JP Morgan Equities South Africa Proprietary Limited

Date: 01/11/2018 08:05:00 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.