Massmart Holdings Limited (JSE:MSM) News - Notification of acceptance of a Performance Share Award in terms of the Massmart Holdings Ltd 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 a Performance Share Award 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 a Performance Share Award in Massmart securities has been offered at R56.6317 being the 10-day weighted average price immediately prior to the offer date of 10 September 2021. This was accepted by Mr Sandile Lukhele in terms of the rules of the Massmart Holdings Limited Employee Share Plan. Performance Share Awards vest in terms as outlined below. The award was accepted on the 3rd November 2021 by the aforementioned individual as detailed below: Name: Sandile Lukhele Position held: General Counsel & Company Secretary Company: Massmart Holdings Limited Nature of interest: Direct/Beneficial Award of Performance shares: 56,506 Total value: R3,200,000 Vesting date: 10 September 2024 The above transaction was an off-market trade. Clearance to accept this Performance Share Award has been given in terms of paragraph 3.66 of the JSE Limited Listings Requirements.” Johannesburg 4 November 2021 Sponsor: JP Morgan Equities South Africa (Pty) Ltd Date: 04-11-2021 08:48:00 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.