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2022/02/18, 07:05:00
Johannesburg Stock Exchange - SENS NEWS DELAYED
Trading Statement for the 52 weeks ended 26 December 2021

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share Code: MSM
ISIN: ZAE000152617
(“Massmart” or the “Company” or “the Group”)

Trading Statement for the 52 weeks ended 26 December 2021

Shareholders are referred to the sales update and trading statement released on SENS on 21 December
2021 outlining the Group’s expected earnings and headline earnings performance.

As previously reported, earnings and headline earnings has been negatively impacted by the asset losses
and loss of trading income suffered as result of the looting, coupled with the timing differences relating
to the recognition of business interruption insurance recoveries.


Consequently, shareholders are advised that Massmart expects, with a reasonable degree of certainty,
the following financial results:

                                 Expected 2021            Reported 2020                   Expected
                                                                                          % change
Total Group
Headline loss (Rm)               (1,478.6) to (1,571.1)      (924.3)                     (60.0%) to (70.0%)
HEPS (cents)                     (684.2) to (726.8)          (426.8)                     (60.3%) to (70.3%)
Net loss (Rm)                    (2,139.0) to (2,312.8)    (1,737.7)                     (23.1%) to (33.1%)
Basic EPS (cents)                (989.8) to (1,070.0)        (802.3)                     (23.4%) to (33.4%)

Continuing operations
Headline loss (Rm)               (938.7) to (1,021.8)       (831.0)                      (13.0%) to (23.0%)
HEPS (cents)                     (434.3) to (472.7)         (383.7)                      (13.2%) to (23.2%)
Net loss (Rm)                    (1,560.1) to (1,663.5)   (1,033.6)                      (50.9%) to (60.9%)
Basic EPS (cents)                (717.7) to (765.5)         (477.2)                      (50.4%) to (60.4%)

Note: Continuing operations excludes Cambridge, Rhino and Massfresh businesses.

The financial information on which this trading statement was based has not been reviewed or reported
on by the Company’s auditors.



Massmart’s preliminary annual results will be released to the market on 7 March 2022.


Johannesburg

18 February 2022
Sponsor: JP Morgan Equities South Africa (Pty) Ltd

Date: 18-02-2022 07:05:00
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