Massmart Holdings Limited (JSE:MSM) News - 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 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.