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2020/06/09, 07:35:00
Johannesburg Stock Exchange - SENS NEWS DELAYED
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
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