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2022/07/01, 07:10:00
Johannesburg Stock Exchange - SENS NEWS DELAYED
Changes to the Massmart Board and Committees

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Company registration No. 1940/014066/06
JSE Code: MSM
ISIN: ZAE000152617
("Massmart", "Company" or the "Group")

CHANGES TO THE MASSMART BOARD AND COMMITTEES

In accordance with paragraph 3.59 of the JSE Limited Listings
Requirements, the Massmart Board of Directors (the “Board”) wishes to
advise shareholders of the following:

Appointment of the Independent Non-Executive Director and changes to
committees

The Board of directors of Massmart (“Board”) is pleased to announce the
appointment of Mr. Mteto Nyati as an Independent Non-executive director
effective 1 July 2022 (“Effective Date”).

Mr. Nyati is the former Group Chief Executive (“CEO”) of Allied
Electronics Corporation Limited (“Altron”). He was responsible for
transforming Altron into a world-class and respected information and
communications technology company. Over the past 12 years, in addition
to his role as CEO at Altron, he was previously the Chief Executive
Officer of MTN South Africa and Managing Director of Microsoft South
Africa. He also held various leadership positions at IBM in South Africa
and Europe.

Mr. Nyati has received a number of awards in recognition of his
outstanding work, including winning the EY World Entrepreneur Award
Southern Africa in 2021 in recognition of his turnaround of Altron, the
Business Leader of the Year award in 2019 at the All African Business
Leaders Awards and was named one of Yale University’s World Fellows in
2004. Mr. Nyati is the author of the number one bestseller, Betting on
a Darkie, a book about his life as a shopkeeper’s son, family man and
business leader at local and multinational corporates.

Mr Nyati was also awarded an honorary doctorate in IT Management by the
University of Johannesburg’s College of Business and Economics, in 2021.
He holds a BSc in Mechanical Engineering from the University of KwaZulu
Natal.

Shareholders are further advised that Mr Nyati will also be appointed
as a member of the Massmart Risk Committee and the Social and Ethics
Committee on the Effective Date.
The Board, Massmart Executive Committee and Management are pleased to
welcome Mr. Nyati to the Board and looking forward to his contribution
to the Company.


By order of the board

Mitchell Slape                           Mohammed Abdool-Samad
Chief Executive Officer                  Chief Financial Officer

1 July 2022

Sponsor: JP Morgan Equities South Africa (Pty) Ltd

Date: 01-07-2022 07:10:00
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