WELCOME TO OUR ONLINE ANNUAL REPORT 2011

Investor relations

We strive to provide useful and frequent disclosure to our shareholders, regardless of how uncomfortable this may be in periods of difficulty or underperformance.

Massmart reports formally to shareholders twice a year (in February and August) when its half-year and full-year results, together with a thorough executive overview, are announced and issued to shareholders and the media. On both occasions the Chief Executive Officer, Chief Financial Officer and certain Group executives give presentations to institutional investors, analysts and the media.

    Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Analyst presentation and preliminary announcement                      
Final dividend declared                      
Cape Town institutional investor roadshow                      
Johannesburg institutional investor roadshow                      
Final dividend paid                      
United States institutional investor roadshow                      
United Kingdom institutional investor roadshow                      
Publication of Annual Report                      
Annual General Meeting                      
Financial half-year                      
Analyst presentation and interim preliminary                        
announcement                      
Interim dividend declared                      
Cape Town institutional investor roadshow                      
Johannesburg institutional investor roadshow                      
Interim dividend paid                      
Financial year-end                      

 
INSIGHT
SENS
SENS is a system provided by the JSE, which publishes company announcements and price-sensitive information. The key purpose of SENS is to ensure that this information is accessible to the investing community interested in trading on the JSE, as soon as it is vetted by the JSE Listings Division.

Early in January and July, shortly after the conclusion of the half-year and full-year trading periods, on release of the Annual Report and at the Group's annual general meeting in November, Massmart releases sales updates reporting on the Group's year-to-date sales performance. In addition, annually in May, the Group Chief Executive Officer and Chief Financial Officer host a day-long visit by institutional analysts and investors to Massmart stores. A sales update is released along with this visit.

During the year, apart from closed periods, the Chief Executive Officer and Chief Financial Officer together meet regularly with institutional shareholders and, in addition, are available for meetings or conference calls with analysts and any existing or prospective Massmart shareholder.

Profits are distributed to our shareholders at interim and year-end by way of a cash dividend. The dividend is calculated based on a dividend cover of 1.7 on headline earnings unless circumstances dictate otherwise. Despite the slightly lower headline earnings and this policy, the Board has decided to maintain this year's dividend at the same level as last year. A further dividend is distributed to our Thuthukani shareholders, arising from the Massmart black economic empowerment transaction which came into effect in October 2006. The Thuthukani dividend is now 100% of the ordinary dividend.

FOREIGN SHAREHOLDING
FOREIGN SHAREHOLDING

READ MORE
MASSMART AT A GLANCE
More detail on our shares and shareholder information can be found here.

DIVIDEND PAYMENT VS DIVIDEND COVER

DIVIDEND PAYMENT VS DIVIDEND COVER
 

COMPANY SECRETARY

I Zwarenstein, CA (SA)

CONTACT DETAILS
REGISTERED OFFICE
Massmart House
16 Peltier Drive
Sunninghill Ext 6
Sandton
2191
South Africa

POSTAL ADDRESS
Private Bag X4
Sunninghill
2157
South Africa

TELEPHONE NUMBER
+ 27 (0) 11 517 0000

FACSIMILE NUMBER
+ 27 (0) 11 517 0020

WEBSITE
www.massmart.co.za

INDICATORS
COMPANY REGISTRATION NUMBER
1940/014066/06 (incorporated in South Africa)

JSE SHARE CODE
MSM

ISIN
ZAE000152617

DESIGN PARTNERS
PUBLISHER ANNUAL REPORT

Ince.motiv

DESIGNER
Studio Shelf

PHOTOGRAPHER
Gareth Gilmour

CORPORATE PARTNERS
TRANSFER SECRETARIES

Computershare Investor Services (Pty)
Limited
70 Marshall Street
Johannesburg
2001

PRINCIPAL BANKERS
Nedbank Group Limited
ABSA Bank Limited

The Standard Bank of South Africa Limited
First National Bank (A division of FirstRand Bank Limited)
Investec Bank Limited

AUDITORS
Deloitte & Touche

CORPORATE LAW ADVISORS
Edward Nathan Sonnenbergs
Cliffe Dekker Hofmeyr

LEAD SPONSOR
Deutsche Securities