Change in beneficial interest in securities 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 and section 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised that Massmart has received formal notification from the Public Investment Corporation Soc Limited (PIC) that it has acquired 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 10.102% of the total issued ordinary shares of Massmart. As required in terms of Section 122 of the Companies Act, the required notice will be filed with the Takeover Regulation Panel in due course. Johannesburg 11 March 2022 JSE Sponsor to Massmart: J.P. Morgan Equities South Africa Proprietary Limited Date: 11-03-2022 10:31:00 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.