Massmart Holdings Limited (Incorporated in the Republic of South Africa) Company registration No. 1940/014066/06 JSE Code: MSM ISIN: ZAE 000152617 ("Massmart" or the "Company") CHANGE IN BENEFICIAL INTEREST IN SECURITIES In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (the “Companies Act”) and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised that Massmart has received formal notification from Templeton Asset Management Limited (“Templeton”) that it has disposed an interest in the ordinary shares of Massmart, such that the total interest in the ordinary shares held in the Company by the Templeton now amounts to 4.57% of the total issued ordinary shares of Massmart. Shareholders are further advised that Massmart has received formal notification from Public Investment Corporation SOC Limited (‘PIC”) that it has disposed an interest in the ordinary shares of Massmart, such that the total interest in the ordinary shares held in the Company by the PIC now amounts to 9.784% of the total issued ordinary shares of Massmart. As required in terms of Section 122 of the Companies Act, the required notices will be filed with the Takeover Regulation Panel in due course. Johannesburg 28 September 2022 JSE Sponsor to Massmart: J.P. Morgan Equities South Africa Proprietary Limited