Massmart Holdings Limited (JSE:MSM) News - Voluntary Announcement - Fulfilment of suspensive conditions and closing acquisition of Onecart Proprietary Limited Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share Code: MSM ISIN: ZAE000152617 (“Massmart” or the “Company”) VOLUNTARY ANNOUNCEMENT – FULFILMENT OF SUSPENSIVE CONDITIONS AND CLOSING OF THE ACQUISITION OF ONECART PROPRIETARY LIMITED (“ONECART”) Shareholders are referred to the announcement on 6 October 2021 on the Stock Exchange News Service of the JSE Limited wherein Massmart announced the execution of a sale of shares and subscription agreement (“Sale Agreement”) in terms of which the Company would, through its wholly owned subsidiary Fresh Food Direct Proprietary Limited, acquire an equity shareholding ultimately constituting 87.5% of the issued shares in OneCart (“Transaction”). Shareholders are advised that all the suspensive conditions to the Transaction were fulfilled on 22 October 2021 and completion of the Transaction has today been effected in accordance with the Sale Agreement. Johannesburg 29 October 2021 Financial Advisor and Transaction Sponsor: Absa Bank Limited Legal Advisor: LHC Advisory (Pty) Ltd Transaction Services: Deloitte Sponsor: JP Morgan Equities South Africa (Pty) Ltd Date: 29-10-2021 03:21:00 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.